XRP Giveaway Scam Launched on Crypto Exchange CoinDCX’s Twitter Account

On Tuesday, the Twitter account of Indian crypto exchange CoinDCX was compromised for several hours.

Hackers sent a fake XRP giveaway to over 230,000 people via the @CoinDCX Twitter handle. A phishing link was included in the giveaway message.

CoinDCX Twitter Account Exploited

CoinDCX attempted to control its Twitter account but was unsuccessful. It sent out an alert via another Twitter handle @CoinDCX_Cares.

CoinDCX officials, including Sumit Gupta, also retweeted the message. The message warned its followers about the exploited Twitter account and advised them to not click on any notice or link they receive from @CoinDCX.

The exploiters retweeted official Ripple Labs CEO Brad Garlinghouse posts and responded to tweets with scam/phishing hyperlinks in order to make it appear natural. Users who click the links contained in these posts could lose their funds to the scam.

The loss of users could be significant if the problem persists for longer than five hours even after it was acknowledged by CoinDCX.

PeckShield detected

PeckShield, a blockchain security company, discovered the problem first through information provided by @aayushrai11 on Twitter. PeckShield sent out a tweet alert stating that it appeared like the Twitter account of Indian crypto exchange CoinDCX @CoinDCX had been compromised and used by an exploiter to share links for fraudulent $XRP GIVEAWAYS.

The email also included a screenshot of the compromised account and the hackers’ message: Today we are pumping cryptocurrency. We are pleased to announce a 100,000,000 XRP GIVEAWAY in support of our community. You can only receive one bonus. Hurry!

Spurt in Cyber Attacks

The hackers made a similar scam to steal bitcoins from Indian Prime Minister Narendra Modi’s account on Twitter in December 2013.

A message was posted by the hackers that stated, “India has officially adopted Bitcoin as legal tender.” A phishing link was then sent to the message, which stated that the government had purchased 500 bitcoins and is now distributing them to all residents of India.

Modi’s Twitter account was also hacked in September 2020. The exploiters asked for donations in bitcoin or other digital currencies.

In July 2022, another hacking incident occurred involving social media accounts belonging to the British Army. Through compromised Twitter and YouTube accounts, the exploiters promoted NFT and BTC scams. These accounts were only partially restored after two hours.

CryptoPotato first published the post XRP Giveaway Scam Launched On Crypto Exchange CoinDCX’s Twitter Account

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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