More On: xrp
As sentiment improves, XRP whales continue to accumulate
An attacker publishes a bogus XRP giveaway on the PwC Venezuela Twitter account
Ripple's cross-border growth confronts the SEC
Ripple lawsuit update: Judge rejects SEC's request to suppress Ripple docs
Jed McCaleb, co-founder of Ripple, will complete selling XRP holdings by July 16th
An attacker compromised the Twitter account of the top-four accountancy company PwC Venezuela and posted bogus free XRP giveaways.
In the first tweet, which was sent at 2:13 AM UTC, the hacker tweeted three words: "Problem, reaction, solution #XRP" along with a photo of Ripple Labs' CEO Brad Garlinghouse. Eight identical tweets quickly followed. At press time, it appeared that PwC Venezuela had deleted the tweets.
Ripple Labs has not commented to the false tweets as of yet.
Experts warn that a new Twitter function could be used for fraud.
A common tactic employed by phishers is to replace a character in a legitimate URL with a Unicode character that appears almost identical.
Twitter stated earlier this month that it will be testing a new feature that would allow users to alter tweets for a limited time after they have been posted, raising questions about whether this may encourage malevolent conduct similar to that observed on PwC Venezuela's account.
In particular, one expert stated that if a tweet got viral, the tweeter could convert it to a phishing link, steal the victim's personal information, or drive them to a fraud. The United States Federal Trade Commission reported earlier this month that scammers stole $1 billion from cryptocurrency holders this year, using Twitter as their preferred venue to recruit victims.
Twitter assuaged the public's concerns by telling them that the functionality had been sent out to a small group where it could be evaluated and feedback integrated to prevent misuse.
Ripple Labs suffers a setback as a result of fresh political headwinds in Colombia.
Ripple Labs has encountered a barrier thus far in its efforts to aid war-torn regions. After decades of civil war resulting in unequal land allocation, Colombia will reallocate land to indigenous people.
Two weeks before the inauguration of newly-elected President Gustavo Petro, the Colombian Ministry of Technology and Communications announced it would begin documenting land titles on the XRP blockchain using Peersys's software.
The Lands Agency and the Strategic Plan for Information Technologies do not prioritize the digitization of land titles, according to a key minister who cited a new political ideology as the reason.
Despite ongoing conversations between Ripple, Peersyst, and the government, the project appears to be bound for file 13. The fact that only one title deed has been added to the XRP ledger to date is a blow to Ripple, whose cooperation with the public sector could have increased its public profile while it engages in a protracted legal battle with the SEC over XRP's status as a security.
In March 2022, Ripple Labs created a $250 million NFT creation fund in collaboration with NFT markets and creative agencies to develop carbon-friendly, low-cost, cross-chain NFTs.
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