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Elon Musk is under fire for allowing the spread of XRP scam posts.
#crypto users are outraged by a recent rash of #XRP -related frauds on X, formerly known as Twitter.
Crypto users are outraged by a recent rash of XRP-related frauds on X, formerly known as Twitter.
Users are frustrated as posts promising a sizable XRP airdrop proliferate, raising concerns about the platform's ability to police spam and fraudulent behaviour.
Users of the cryptocurrency are venting their frustration on the network, with prominent influencer Coach K Crypto (@Coachkcrypto) writing, "@elonmusk Why don't these fraud posts, which I see at least ten of every day, get them banned?
Musk's vain attempts to stop fraud
Users of #cryptocurrency dispute Elon Musk's claims that X has eliminated 90% of scams. Several reports suggest that fraud, particularly concerning cryptocurrencies, has not decreased at all.
Musk had previously asserted that the platform's ability to identify and get rid of hostile actors had undergone a "dramatic improvement."
Users continue to be duped, and some have even mentioned Musk in their complaints.
Greater awareness, more fraud
Due to the widespread use of the $XRP token, Ripple has long been a popular target for scammers. Yet, because of the increasing media coverage of Ripple's judicial victory and impending celebration events, there has been a spike in frauds in recent months. This increased visibility appears to be attracting more criminals who perceive the excitement surrounding Ripple and XRP as a chance to take advantage of gullible investors.
The ceremony, which is slated for September 29, is meant to signal Ripple's big legal triumph over the U.S. Securities and Exchange Commission.
Crypto users are outraged by a recent rash of XRP-related frauds on X, formerly known as Twitter.
Users are frustrated as posts promising a sizable XRP airdrop proliferate, raising concerns about the platform's ability to police spam and fraudulent behaviour.
Users of the cryptocurrency are venting their frustration on the network, with prominent influencer Coach K Crypto (@Coachkcrypto) writing, "@elonmusk Why don't these fraud posts, which I see at least ten of every day, get them banned?
Musk's vain attempts to stop fraud
Users of #cryptocurrency dispute Elon Musk's claims that X has eliminated 90% of scams. Several reports suggest that fraud, particularly concerning cryptocurrencies, has not decreased at all.
Musk had previously asserted that the platform's ability to identify and get rid of hostile actors had undergone a "dramatic improvement."
Users continue to be duped, and some have even mentioned Musk in their complaints.
Greater awareness, more fraud
Due to the widespread use of the $XRP token, Ripple has long been a popular target for scammers. Yet, because of the increasing media coverage of Ripple's judicial victory and impending celebration events, there has been a spike in frauds in recent months. This increased visibility appears to be attracting more criminals who perceive the excitement surrounding Ripple and XRP as a chance to take advantage of gullible investors.
The ceremony, which is slated for September 29, is meant to signal Ripple's big legal triumph over the U.S. Securities and Exchange Commission.
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