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HomeCrypto NewsMarketFox Business Journalist Draws Over 528K Views to a Scam Promoting Fake XRP Giveaway

Fox Business Journalist Draws Over 528K Views to a Scam Promoting Fake XRP Giveaway

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A senior correspondent at Fox Business inadvertently called attention to a scam post on Twitter while trying to criticize Ripple’s connection with XRP.

A recent post from a fake Ripple account promoting a fraudulent XRP Airdrop event has garnered significant attention, with Fox News journalist Charles Gasparino inadvertently quoting the scam tweet.

Gasparino took to Twitter to express his surprise at Ripple’s repeated reminders that XRP and Ripple are not connected in response to the deceptive tweet from the scam account RippleXRP.

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Image:

Fake XRP giveaway
Image Source httpstwittercomCGasparinostatus1680647301172264961

The fake account claimed that Coinbase had relisted XRP and announced a special free XRP airdrop as a token of appreciation for the XRP community.

Gasparino’s tweet has received over 528K views as of press time, with several users pointing out that he had quoted a scam account. Despite the comments highlighting the fraudulent nature of the tweet, it remained visible at the time of writing.

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Fox Business Gasparino Quotes Scam Promoting XRP
Twitter

XRP influencer Mr. Huber mocked Gasparino’s mistake and said he deserves to be referred to as the “greatest laughing stock” in the history of Fox News. Another Twitter user sarcastically applauded Gasparino’s lack of due diligence in criticizing Ripple and unwittingly quoting a scam post.

Ripple CTO Weighs in

On the other hand, Ripple CTO David Schwartz absolved the Fox journalist of blame, expressing concerns that distinguishing a fake Twitter user from the real one is nearly impossible. 

“It’s too bad there’s no way to tell which accounts are authentic and which aren’t. Then people wouldn’t get fooled by nonsensical misinformation like this,” Schwartz lamented. 

It is worth noting that scammers often promote their scam giveaways via accounts bearing the blue checkmark. The blue checkmark previously served as the indicator to tell fake accounts from real ones before Elon Musk’s takeover. However, this measure was not foolproof.

Previous Warnings

Previously, the official Ripple account with a golden verified badge warned about scam accounts and fake executive profiles promoting “XRP Giveaways” or “XRP Airdrops.” It emphasized that Ripple and its executives would never ask users to send funds anywhere.

Furthermore, as The Crypto Basic reported, the Ripple CTO has also addressed the issue, cautioning users about scammers who exploit the positive news of Ripple defeating the US regulator in the court to deceive and defraud unsuspecting people.

Schwartz clarified that no legitimate airdrops, giveaways, or special offers were associated with the recent court ruling.

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.

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Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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