“Brad Garlinghouse Crypto Giveaway” scam refers to a crypto giveaway scam that claims giveaway participants can get double the crypto they send to the provided address. The scam claims that the giveaway is hosted by Brad Garlinghouse, CEO of Ripple Labs, a financial technology company specializing in blockchain and cryptocurrency solutions. Users who engage with the scam and send their crypto will receive nothing in return.

 

 

Cryptocurrency scams have become very common over the last several years. They are often promoted on social media sites like X and Instagram, as well as video-sharing platforms like YouTube. Users are also redirected to websites promoting these scams via adware or when browsing high-risk sites without an adblocker program.

Most cryptocurrency giveaway scams operate more or less the same way. They even look identical to one another oftentimes, even if different scammer groups operate them. These fake giveaways are always made to seem like they’re hosted by celebrities and high-profile people who want to “give back” to the community. In this instance, the scammers are claiming that Brad Garlinghouse is behind the giveaway. The scam website promises that any cryptocurrency sent to the provided wallet address will be doubled and returned. However, anyone who sends money will actually lose their funds, as the scammers are the ones benefiting from the so-called “giveaway” since they don’t send anything back. Once cryptocurrency is transferred, users cannot reverse the transaction or recover their money.

Brad Garlinghouse 100,000,000 #XRP Annual Airdrop!

LIVE
RIPPLE FOUNDATION
HUGE XRP EVENT
LIVE AIRDROP
Brad Garlinghouse

To celebrate our recent legal win against the SEC, we are having a 100,000,000 XRP giveaway. Nothing we do at Ripple would be possible without our community, and this is just a part of our efforts to assert that.

If you want to participate, it is simple to do. Just navigate to the XRP airdrop portal below to learn more:

Click this — official link to get XRP
Note: All persons are able to participate, including those in the United States. The competition will last until the entirety of the 100,000,000 XRP held in the airdrop-funds have been released. If you are late, your XRP will be instantly refunded.

Thanks,

Brad Garlinghouse

In 2020, a significant incident involving cryptocurrency giveaway scams took place. Cybercriminals managed to hack X (formerly Twitter) and briefly took over the accounts of several high-profile individuals and companies, including Barack Obama, Bill Gates, Kanye West, Coinbase, Apple, and Binance. The compromised accounts posted messages claiming they were giving back to the community and would double any Bitcoin sent to them. Although the messages were only visible for a few minutes, users ended up transferring around $120,000 worth of Bitcoin to the scammers.

It’s essential to understand that any cryptocurrency giveaways that promise to double your funds are guaranteed to be fraudulent. In fact, most giveaways are more likely to be scams than legitimate events. Real giveaways are typically advertised through multiple credible channels associated with the organization or individual hosting them.

Crypto giveaway scams are often promoted on social media and YouTube

Crypto scams are promoted in a variety of ways. Users can encounter these scams if their devices are infected with adware or by visiting high-risk websites without an adblocker program enabled. Most commonly, they are encountered on social media platforms and video-sharing sites, often seen in replies from fake accounts that imitate high-profile figures like Elon Musk on X. Scammers also often hijack YouTube accounts with thousands of subscribers to promote fake giveaways. These hijacked channels host live streams showing fake crypto conferences and display messages with directions explaining how to send the cryptocurrency. These streams can attract thousands or even tens of thousands of viewers.

One very common method for promoting crypto giveaway scams is through replies on social media platform X. Scammers create accounts that closely mimic those of well-known people, such as Brad Garlinghouse. While the account handles won’t match the authentic ones, and the content and follower counts will differ significantly, the name and profile picture will look exactly the same. This can easily mislead users who act impulsively without verifying the information. For instance, when Elon Musk posts something on X, it’s very common to see replies promoting scams from these fake accounts. If users fail to check the account handle or profile details, they can easily fall victim to the scam. And if they send their cryptocurrencies, they won’t be able to get it back as transactions are irreversible.

Moreover, users may be redirected to crypto scams while browsing high-risk websites. Certain sites spam users with ads that appear when they click on anything. If users don’t have an adblocker program, they can get countless amounts of these ads and redirects. Adware may also trigger redirects to sites hosting crypto giveaway scams. Adware can be installed without users noticing via what’s known as software bundling.

Remove “Brad Garlinghouse Crypto Giveaway” scam

If you notice that you are being redirected to this scam over and over again, it’s a good idea to check your computer for an adware infection. Otherwise, you can just exit the site displaying the scam.

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