The official Twitter account of GOL TV, an American TV sports channel, has been hacked and used to promote an XRP scam.

This is a growing problem on social media, where scammers often impersonate Ripple-affiliated entities and offer victims fake investment opportunities that are not backed by legitimate contracts or regulatory oversight.

One of the most common forms of XRP scams is impersonating Ripple CEO Brad Garlinghouse. The scammers, posing as Garlinghouse, will offer seemingly generous investment opportunities, such as doubling one’s money, that are too good to be true.

Unfortunately, victims who take the bait often find themselves with no recovered capital and no way to recoup their lost funds.

These scams can be found on various platforms globally and are becoming harder to detect due to their evolving nature.

Scammers are constantly adopting new tactics to stay ahead of detection efforts from digital asset exchanges, law enforcement, and other regulatory authorities.

These malicious actors use fake accounts, public sentiment manipulation, misrepresentation of credentials, multi-level marketing schemes, intricate phishing networks, and other sophisticated methods in perpetrating fraudulent activities targeting XRP holders.

It’s important to remember that these scams may seem rudimentary, but unsuspecting victims can still fall prey to them.

To avoid becoming a victim, it is crucial to verify trusted sources before investing any money and never sending money to accounts that can’t be verified through extensive research.