XRP giveaway scam has been around for several months and scammers have been using various methods to carry it out.
In January, a popular member of the XRP community, Leonidas Hadjiloizou, highlighted the new methods used by fraudsters to perpetrate the giveaway scam.
He said scammers send some drops to victims? wallet with a memo and the memo directs them to a fake Ripple website which contains a fake insights article which points to a fake bithomp website to download a “tool.”
After the victims download and install such tool, scammers gain access to do what they like.
Over the past few months, a lot has happened regarding XRP giveaway scams. Ripple and its CEO?filed a lawsuit?against YouTube for its alleged complicity in a multiple XRP giveaway scams on the video-streaming website.
Likewise, XRP data aggregator (xrplorer.com) said people withdrew 6 million XRP from exchanges and sent them for giveaway scams. Interestingly, this figure was close to 3 million XRP in 2020.
A renowned YouTuber with 2.43 million subscribers has described how hackers were able to seize his channel towards launching an XRP fake giveaway campaign.
In a video published on August 20 by the YouTuber, hackers took over his YouTube account after he received a contact request from someone who offered him a video editing tool, which is a fake tool.
His PC was compromised after he downloaded and installed the fake software which allegedly handles advertising revenues. The installation led to the deployment of malware which took control of his channel.
Instead of videos related to history, science, and mystery topics on his YouTube channel, it was bombarded with a number of live broadcasts and recorded videos related to a fake XRP 100 million giveaway. The content uploaded by the hackers asked users to send between 2,000 and 150,000 XRP.
The hackers demanded a ransom payment in Bitcoin (BTC) valued at $10,000 to regain his YouTube channel. However, he regained control without paying the ransom and removed all the videos uploaded by the hackers.?