An attacker breached the Twitter account of big-four accounting agency PwC Venezuela and was posting free XRP giveaway scams.
In the primary tweet, posted at 2:13 AM UTC, the hacker tweeted three phrases, “Problem, response, answer #XRP,” with an image of Ripple Labs’ CEO Brad Garlinghouse. Eight comparable tweets quickly adopted. It appeared that PwC Venezuela had taken down the tweets as of press time.
Ripple Labs has up to now not responded to the fraudulent tweets.
New Twitter characteristic could possibly be used for scams, consultants warn
One of the methods attackers lure victims by phishing assaults is by changing a personality in a real URL with a Unicode character that appears very comparable.
Social media firm Twitter introduced earlier this month that it will be testing a brand new characteristic to permit customers to edit tweets for a restricted time after posting them, elevating questions on whether or not this may encourage malicious conduct just like the one seen on PwC Venezuela’s account.
Specifically, one knowledgeable argued that if a tweet went viral, the one who tweeted might modify it to a phishing hyperlink, steal the sufferer’s private info, or direct them to a rip-off. Earlier this month, the United States Federal Trade Commission reported that scammers siphoned $1 billion from crypto holders this yr, with Twitter being the platform of option to lure victims.
Twitter allayed fears by assuring the general public that the characteristic has been rolled out to a small group the place the brand new options could possibly be examined and suggestions integrated to attenuate misuse.
Ripple Labs faces setback as new political headwinds blow in Colombia
Thus far, Ripple Labs has confronted a setback in its quest to assist war-torn Colombia reallocate land to indigenous folks after a decades-long civil struggle leading to unequal land distribution.
Just two weeks earlier than newly-elected President Gustavo Petro took workplace, the Colombian Ministry of Technology and Communications mentioned it will begin recording land titles on the XRP blockchain utilizing software program created by Peersyst.
But a brand new political ideology has quashed that concept indefinitely, as one key minister mentioned that digitizing land titles weren’t a part of the priorities of the Lands Agency and the Strategic Plan for Information Technologies.
Despite persevering with discussions between Ripple, Peersyst, and the federal government, it appears the undertaking is destined for file 13. So far, just one title deed has been added to the XRP ledger, a blow to Ripple, whose partnership with the general public sector might have boosted its public profile because it faces a drawn-out battle with the SEC over XRP’s standing as a safety.
In March 2022, Ripple Labs launched a $250 million NFT creator fund in partnership with NFT marketplaces and artistic companies to create low-cost, carbon-friendly, cross-chain NFTs.
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