Cyber Criminals Turn to Fake Ripple Livestream Videos and XRP Giveaways

By November 4, 2019 Altcoins
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Cyber Criminals Turn to Fake Ripple Livestream Videos and XRP Giveaways

According to a recent report, cyber criminals are creating new video channels on ÝouTube’s platform to host live streams centered around Ripple and XRP cryptocurrency that do not actually take place. The criminals then provide an address and attempt to persuade viewers to send XRP to that address, which is obviously fake and should be blatantly so but is worth noting do not to fall for these ploys and cons. Those who send funds end up losing those funds, as the criminals do not intend to send the funds back.

Granted, those who are seasoned in the industry are unlikely to buy-into the scam. However, those who are new may fall for it. But Ripplers should know there are not any airdrops or free giveaways that actually work or pan out in your favor and should err on the side of thinking these things will never actually work.

here is an example of a fake ripple xrp giveaway scam

It is worth noting that as it stands at the time of reporting, Google nor Youtube has taken any action in taking down these videos so far and would not count on them doing so, putting the onus on investors and XRP holders to never think acquiring free coins is actually that easy. Ripple Labs, the company behind the XRP coin, also has alerted the public about this well over a year ago:

We’ve noticed an increase in fraudulent accounts claiming to be @Ripple or members of the Ripple Team offering giveaways.

Be on alert – they are not official accounts.

Ripple, one of the most popular cryptocurrency altcoins on the market, has also saw a rise in the free XRP giveaway scams that investors and community members need to be aware of and not fall victim to:

These scams will always have a pitch similar to:

“Free Ripple XRP Giveaway
We are glad to announce our
alliance with the RIPPLE community, together we giving away 10,000,000 RIPPLE to all crypto lovers. For those who did not participate in the previous giveaway, you now have a chance to do so now.”

We also covered this topic back in April of this year which you can see what we wrote about it back then to see how these scam tactics have continued to evolve and will likely try to stay relevant so long as people willingly fall into these traps and give up their crypto so carelessly.

So let this ‘free Ripple XRP giveaway scam' post act as a reminder to never fall for these it-won't-end-well-for-you traps that plague the crypto community on various social media networks and channels.

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