Home Finance News David Schwartz on the Ever Green Advice of Sending Ripple (XRP) in Response to Tweet

David Schwartz on the Ever Green Advice of Sending Ripple (XRP) in Response to Tweet

Ripple XRP David Schwartz

It is the scam season and several Twitter accounts have been hacked and several investors have sent their money across in a hope to get some decent returns in response to tweets.

David Schwartz recently tweeted: “Do not send any cryptocurrencies anywhere based on a Tweet! This is evergreen advice, but it’s particularly important right now.”

In response Brad Garlinghouse also tweeted:  “@ripple Twitter account has been hacked. Please disregard the most recent message (pinned) – and ALWAYS disregard any XRP giveaways purporting to be from Ripple or me.”

Hackers breaking in to twitter accounts has become very common.   When looking in to the Ads which are being run on YouTube about giveaways, it looks too authentic to the extent that they appear official than the real official. Tricky.

In response, Sydney Ifergan, the crypto expert tweeted:  “Ripple, Cardano and several others have given out scam warnings.  This is bad.  Risk Management systems are resting in peace at Twitter.”

As serious talks of scams were happening, some investors were fuming and stated, “I would certainly hope the hackers would be able to gather most XRP out of circulation to force Ripple to buy back rather than releasing to Jed to be dumped on unsophisticated investors.”

Such scams are a real threat to the progress of the idea of cryptocurrency, it is high time someone gets to the bottom of the problem to figure out a solution. Without security the entire idea of cryptocurrency is worthless.

The efforts of scammers are massive.  It is high time people develop some kind of common sense as to saying no to any kind of too good to be requests which are unofficial.

Ripple (XRP) Users Should Learn from Scams

Brad Garlinghouse when talking further about the scam stated that across the board there is a consensus there is an opinion that the hack is not a crypto problem, but it is a social media platform problem!

He also further expressed that the governments and consumers are rightly furious and hoping that they will prioritize efforts to earn back trust by taking the abuse of the platforms seriously. Those who got scammed are clearly not going to get their money back.  This is just a lesson from which investors should learn to exert caution and vigilance as opposed to worrying about how bad the system is. There is no point in blaming systems.  Sometimes common sense helps! Too big give away events don’t exist!

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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