Victor Ugochukwu · Dec 14, 2020 . 5min read
Ripple CEO blows hot again, calls out scammers staging fake XRP giveaways
XRP scammers registered a domain name that looked exactly like Ripple's. But in this particular case, it had a subtle ".so" extension
By Victor Ugochukwu · Nov 30, 2020 . 5min read
Brad Garlinghouse, CEO of Ripple have once again called out the scammers impersonating his company and staging fake XRP giveaways. However, Brad slammed domain registries for allowing such fake websites to stay out for even months after concerned parties must have reported them.
The CEO made this claim in a tweet dated November 28th. Brad retweeted a message from Ripple’s official Twitter handle.
Good morning to everyone besides scammers defrauding people with fake XRP giveaways. Hackers are using IDN homograph attacks (e.g. capital I instead of lowercase l in ripple. com, etc) and these websites can stay up for months (despite reporting them)
Scammers posting phishing links are not new. While some browsers like Chrome may flag some of these websites and links can also go undetected. For instance, in Ripple’s CEO tweet, XRP scammers registered a domain name that looked exactly like Ripple’s. But in this particular case, it had a subtle “.so” extension.
Ripple CEO accused and joined in a lawsuit against YouTube for not taking action recently for allowing XRP scam channel to stay up long.
Brad has been a vocal critique against social media platforms on this issue. Ripple CEO accuses them of not taking the scam and phishing problems seriously. Brad joined a group of people, including Apple co-founder Steve Wozniak to sue YouTube sometime in April. The social media giant had allowed a scam page which had himself in a video stay up long. In that particular incident, hackers took over legitimate YouTube channels with a large following and then flooded it with scam giveaway videos. Even with numerous attempts by concerned to report the channel, YouTube failed to act decisively.
Meanwhile, Ripple has come out clear in its communication that it doesn’t indulge in giveaways.
Any XRP giveaway is not endorsed by, affiliated with, maintained, authorized or sponsored by our company
As at publication time, the particular website referenced by Ripple and its CEO is still up and not taken down yet.
Follow Cryptodose for daily updates.