A new surge of XRP-related scams on social media platform X raises questions about the effectiveness of owner Elon Musk’s efforts to fight fraud.
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A new wave of XRP-related scams on X, formerly known as Twitter, has led to crypto users arm in arm.
Posts that promise significant results XRP Airdrop A growing number of frustrated users are questioning the platform’s ability to control spam and malicious activity.
Famous influencer Coach K Crypto (@Coachkcrypto) posted, “@elonmusk Why am I seeing over 10 fraudulent posts like this every day and not being banned?” Users have expressed their disappointment with the platform.
Musk’s anti-fraud efforts fail
Despite Elon Musk’s assurances that X has eradicated 90% of fraud, crypto users claim otherwise. Multiple reports indicate that fraudulent activity is occurring, particularly related to cryptocurrencies. has hardly decreased.
Musk previously claimed he had “dramatically improved” the platform’s ability to detect and remove malicious actors.
However, users continue to fall victim to scams. musk Among their complaints.
More attention means more fraud
Due to the popularity of the XRP token, Ripple has always been a prime target for scammers. However, scams have increased in recent months due to increased media attention on Ripple’s legal victories and upcoming celebratory events. This increased attention appears to be attracting more bad actors who see the frenzy surrounding Ripple and XRP as an opportunity to exploit unsuspecting investors.
as U.Today reportedRipple CEO Brad Garlinghouse recently announced that he will be holding a celebratory event in New York City.
The event, scheduled for September 29, is said to mark a significant legal victory for Ripple against the US Securities and Exchange Commission.
