Scam Alert: Ripple Ally Flare Networks Faces Account Compromise

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Crypto oracle and infrastructure service provider Flare Networks has issued a major security alert to its community. This comes as the Ripple Labs ally confirmed that one of its developer accounts on the X social media platform has been compromised. According to the update shared on its official X account, Flare advised its community not to click any links, download files or interact with recent messages from the dev account until further notice. Over the past few years, attackers have often capitalized on the popularity of XRP to issue fake airdrop campaigns to users. In a bid to drive legitimacy into these fraudulent campaigns, the scammers often impersonate Ripple Executives — especially CEO Brad Garlinghouse. With the help of AI-generated videos, the likelihood of scams has grown, creating new responsibility for projects to protect their communities.