Hacking News
Crypto Scammers Use Anti-Muslim Rage-Bait to Steer Users Toward Fraudulent Cryptocurrency Schemes
Crypto scammers are using anti-Muslim posts on X (X) to attract followers and build audiences before promoting fraudulent investment opportunities in cryptocurrencies XRP and XLM. The Center for the Study of Organized Hate (CSOH) identified over 220 accounts suspected of financial or sexual bait scams. These accounts first promoted political content and warnings about a banking collapse or financial reset, before directing users to XRP and XLM investments. The accounts, which referenced President Donald Trump and political movements, did not have direct ties to the referenced individuals or entities.