In the wake of the recent flood of scam tweets on the Twitter account of...
In the wake of the recent flood of scam tweets on the Twitter account of pro-XRP lawyer Jeremy Hogan, which was hacked, the XRP community rallied together to raise awareness and report the malicious activity.
Since July 24, the account had been relentlessly tweeting fraudulent links, claiming to offer an XRP giveaway.
However, as of 1 am UTC on July 28, all the tweets related to the XRP giveaway were removed, indicating that Hogan might have regained control of his account or that Twitter support had intervened.
The last deleted tweet from Hogan’s account expressed false generosity, promising to return double the amount of XRP sent to a specified address.
On analyzing the blockchain data, it was found that the mentioned address received 784 XRP, valued at approximately $561 at the time, from 12 users in a span of three hours.
The hackers utilized various tactics during the attack, including sharing links to a fraudulent website called “Ripplex.win,” which has now been suspended, making it difficult to determine how much XRP may have been misappropriated through it.
In response to the incident, Hogan apologized for any inconvenience caused and expressed his efforts to regain control of his account.
He acknowledged the malicious hackers’ proficiency and hoped that no one had suffered financial losses due to the hack.
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Fortunately, the “XRP Army” community actively warned potential victims about the scam, with influential figures within the crypto community, such as pro-XRP lawyer John Deaton and XRPcryptowolf, cautioning their combined 591,000 followers against engaging with Hogan’s compromised account.
Hogan is not the first prominent figure to have fallen prey to such cyber attacks.
On June 4, lawyer John Deaton’s account also faced a similar hack where hackers promoted a fraudulent token called “LAW” before Deaton regained control.
The dissemination of false and deceptive financial information in the cryptocurrency sector poses substantial risks to investors and markets.
Traders often rely on guidance from influential figures, and such scams can lead to financial losses and tarnish the reputation of legitimate projects.
Vigilance and quick action from the crypto community are essential in combating such fraudulent activities and protecting investors.
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