Earning $42 million from Ripple (XRP) for free: beware of the scam of the moment

A safe computer is a shut down computer. And even… – This phrase from Bill Gates is perfectly adaptable to social media accounts. Not a day goes by without a Discord, Twitter or even Instagram account being hijacked. Security, whether for very small projects, or behemoths is something essential. CoinDCX has experienced this… and the unfortunate subject of the day also concerns Ripple!

When the hacker promises Ripple, en masse

And when security is not absolute (can it really be?), the drama is coming. This is what the exchange experienced Indian CoinDCX this beginning of the week, and even if they were able to take matters into their own hands, the potential damage could be astronomical.

Indeed, hackers managed to take control of the account Twitter official platform, and used it to post fraudulent links. Announcing fake giveaways in XRP (Ripple)they used the network intelligently.

By retweeting messages from official accounts such as that of the CEO of Ripple Labsthey gave credence to their fake “donations” by displaying a very clean storefront. They also took the time to respond to subscriber messages.by communicating to them other links, just as dangerous.

If the user fell into the trap, he then risked losing all or part of his funds. The losses could be catastrophic, both for the users of the platform, and for CoinDCX which can see his reputation seriously damaged.

With over 230,000 subscribers to the official account, hackers could expect a substantial gain. The platform has not released any figures at this time, but given the time needed to regain control of the account, it is to be expected that the losses will be heavy.

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Security restored, but with what consequences?

CoinDCX tried to warn its users, via its other Twitter account CoinDCX Cares, used for customer service. But with less than a tenth of the main account’s subscribers, there’s no doubt that many users have certainly missed the information.

The hack was reported by a company Twitter account PeckShieldspecializing in blockchain security.

It appears Indian crypto exchange CoinDCX’s Twitter account @CoinDCX has been compromised and used by the exploiter to share links to fraudulent $XRP GIVEAWAY “.

A handful of hours were necessary for control to be regained.

It is difficult (if not impossible) to completely secure an account on social networks, because we know that hackers are always one step ahead. But, it is important to do the maximum possible, with long and very complex passwords (and preferably, randomly), authentication with 2FAand above all vigilance at all times.

Avoid too-good-to-be-true offers like the plague and get into the habit of being healthy with suspicion. On the other hand, also learn to place reasonable trust in respectable and recognized players in the ecosystem. The FTX platform falls without a shadow of a doubt into this second category. Come acquire and trade your first bitcoins and other cryptocurrencies. Register on FTX. You will benefit from a lifetime discount on your transaction fees (commercial link).

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