New surge in XRP-related scams on social media platform X raising questions about effectiveness of owner Elon Musk's efforts to combat fraudulent activity
Musk had previously claimed to have made a"dramatic improvement" in the platform's capability to detect and remove malicious actors.More attention, more scams
Ripple has always been a prime target for scammers due to the popularity of the XRP token. However, in recent months, there has been an uptick in scams due to increased media attention surrounding Ripple's legal victories and upcoming celebratory events. This heightened profile appears to be drawing more bad actors who see the fervor around Ripple and XRP as an opportunity to exploit unsuspecting investors.
Scheduled for Sept. 29, the event is supposed to mark a significant legal victory for Ripple over the U.S. Securities and Exchange Commission.
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