Breaking: Indian Crypto Exchange CoinDCX Twitter Account Compromised

Indian crypto exchange CoinDCX’s Twitter account has been hacked and the exploiter is using the account to promote a fake XRP giveaway. PeckShieldAlert on Tuesday warned about the phishing attack on the Twitter account of Indian crypto exchange CoinDCX.

Indian Crypto Exchange CoinDCX Hacked

Blockchain security platform PeckShieldAlert in a tweet on September 20 reported that the Twitter account of Indian crypto exchange CoinDCX has been hacked. The exploiter is using the Twitter account to promote a fake XRP giveaway. Therefore, users are requested to avoid clicking on any link on the suspected fraudulent messages.

“Seems like Indian crypto exchange CoinDCX’s Twitter account @CoinDCX was compromised & has been used by the exploiter to share links to fraudulent XRP GIVEAWAY.”

The exploiter(s) are leaving messages that CoinDCX exchange is pumping XRP. Also, it has announced a 100,000,000 XRP Giveaway to support the community. The phishing message looks like this:

“Today we are pumping XRP. To support our community, we are announcing 100.000.000 XRP GIVEAWAY. Please note: you can receive a bonus once. Please hurry!”

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Moreover, the exploiter(s) even changed the account name, display pic, and other details to match the Twitter account of Ripple’s CEO Brad Garlinghouse. They also retweeted Brad Garlinghouse’s Twitter account tweets to make readers click on suspicious links.

CoinDCX has announced that the team is working to recover the Twitter handle @CoinDCX. Also, the crypto exchange has warned users to not click on any link or messages received from the @CoinDCX Twitter handle. The team will share updates on the situation soon.

The SEC Vs Ripple Lawsuit Near Summary Judgment

The SEC vs Ripple lawsuit has reached a final verdict as both parties have filed motions for summary judgment. Meanwhile, Ripple CEO Brad Garlinghouse is positive about winning the lawsuit as the SEC has failed to prove XRP as securities.

At the time of writing, the XRP price is trading at $0.37, up over 9% in the last 24 hours. The jump in the XRP price is most likely due to the XRP community expecting a win for Ripple.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

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