Scammers Hack India’s News24 Twitter Account To Promote Fake XRP Airdrop

In a recent incident, hackers compromised one of India’s major news channels, News24, to promote a fake airdrop featuring Ripple XRP CEO Brad Garlinghouse.

Many cases of hacking in the digital asset industry have recently highlighted the need for extra security and cautiousness. Due to these events, many new and old investors have lost substantial sums over the past few months. These culprits remain relentless, given the prospects in the crypto space.

XRP Scam Alert In India

According to reports, the hackers accessed the news channel and began advertising information about a supposed airdrop of XRP tokens. The information claimed that Ripple CEO, Brad Garlinghouse, was giving away free XRP tokens to all active users in the Ripple community.

The news channel’s management has confirmed that the messages were fake, noting that hackers compromised the website and social media account to carry out their exploit. As such, users should beware of this act to avoid falling into the trap. They must not interact with any links provided in the messages or give out their personal information.

Scams and hack schemes have been a growing concern in the crypto community, with scammers using various tactics to trick users into giving away their cryptocurrencies. This latest incident again highlighted the need for greater awareness and caution when dealing with crypto-related offers and promotions.

Avoiding Scams In The Crypto Space

Scam cases in the crypto industry are rapidly growing, and the recent incident of the News24 channel adds to the list. Considering the rise of such events, crypto investors must take necessary measures to protect them from future scam cases.

Crypto investors must perform personal research while educating themselves about the technology. This is particularly necessary, as many fall victim to such schemes due to a lack of proper knowledge. Additionally, crypto enthusiasts can follow up on the project development of the particular token, as this will boost the understanding of what is expected of the coin.

Also, crypto investors must check the source of each piece of information they get. Investments tend to go sideways when it occurs on an unsecured source. Investors can identify such sources by the type of offer they promise. Usually, many fake sources promise unrealistic rewards to lure new investors with little idea of the cryptosystem into their schemes.

Unfortunately, the internet contains several fake websites, which raises the need to verify a web domain before any purchase. With more of these practices, investors could save their digital assets for the long term without falling into the wrong hands.

Alternatives to XRP

Here is a list of the most promising cryptocurrencies that have gained significant value today, as well as some coins that are set to launch soon and have a high growth potential:

dYdX (DYDX)

dYdX (dYdX) is a governance token used on a decentralized cryptocurrency exchange built on a layer 2 protocol, offering access to liquidity providers, traders, and partners to contribute to the protocol. With voting rights, holders can effect changes and benefit from staking and trading fee discounts. dYdX layer 2, built on the StarkEX scalability engine, offers fast transaction speeds, low gas fees, and minimum trade sizes. Margin trading and deFi services, such as lending and borrowing, are also available.

The platform’s scalability is enhanced through a zero-knowledge (zk) rollup called zkSTARKS. Despite a more than 25% reduction in price within 24 hours, currently trading at $2.69, dYdX offers users access to liquidity pools and grants miners benefits, while the platform’s liquidity pool attracts quality market makers.

Love Hate Inu (LHINU)

Love Hate Inu (LHINU) is a new meme coin that has generated buzz in the crypto community. Following in the footsteps of popular meme coins like Dogecoin and Shiba Inu, LHINU aims to be the next big success in this space. It is the first vote-to-earn (V2E) crypto project that rewards users for participating in polls covering diverse topics such as sports, politics, trends, and entertainment.

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— Love Hate Inu (@LoveHateInu) March 17, 2023