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HomeCrypto NewsExchangesTop Exchange Twitter Account Hacked To Promote XRP Giveaway

Top Exchange Twitter Account Hacked To Promote XRP Giveaway


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Top Indian Exchange CoinDCX’s Twitter Account Has Suffered a Hack and Used to Promote XRP Scams.

CoinDCX recently had its official Twitter account compromised, with the hackers using the account to post scam links promising XRP giveaways.

The increase in the crypto adoption rate has brought a surge in crypto-related crimes. Despite toughened measures employed by relevant agencies to mitigate these scams, most bad actors remain relentless. 

In a recent highlight of events, Mumbai-based cryptocurrency exchange CoinDCX’s Twitter account was hacked and used to post links to scam XRP giveaways. Since the exploit has been corrected to a certain degree, there is no telling the number of victims the recent hack has taken advantage of. 

The development was uncovered by leading blockchain security platform Peck Shield via its Twitter handle PeckShieldAlert in the early hours of Tuesday.

“Phishing Seems like Indian crypto exchange CoinDCX’s Twitter account was compromised & has been used by the exploiter to share links to fraudulent XRP GIVEAWAY,” Peck Shield noted in a tweet. The handle also thanked an unofficial account dedicated to reporting scammers on Twitter for bringing the Intel.


As noticed in the tweet, the hackers mentioned that they would be hosting a giveaway of 100M XRP to support their “community.” The tweet has had over 500 likes at the time of reporting, with several bots testifying to its veracity as an extra effort to lure victims.


“Today, we are pumping XRP. To support our community, we are announcing a 100.000.000 XRP GIVEAWAY … Please note: you can receive a bonus once. Please hurry!” the tweet said, as the hackers attached a link to the scam page.

exchange account hacked to promote XRP giveaways
Image Source httpstwittercomCoinDCXstatus1572029027111833601

Notwithstanding, they did not stop there. In an attempt to make the scam appear more credible, the hackers further changed the display picture and display name of the CoinDCX account to match Ripple’s CEO Brad Garlinghouse’s identity, but it appears the CoinDCX team has swiftly handled the situation to an extent, as all changes on the account have been revoked and some scam tweets deleted.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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