A recent hoax is causing a stir in the cryptocurrency world. The news that SWIFT, the world’s leading financial messaging network, is allegedly adopting XRP for cross-border payments has been proven false.
The official X platform of the crypto exchange Bitrue recently published a false message claiming that SWIFT was using XRP for international payments. This news caused considerable unrest in the crypto community, as SWIFT is considered the central communications network for financial institutions worldwide. The claim that SWIFT had secured billions of XRP tokens as liquidity reserves was quickly debunked.
Bitrue has since deleted the misleading post, but the question remains whether the company’s account was compromised. The X account Watcher.Guru had previously posted the same message, leading to speculation that this account had also been hacked. It seems possible that the person responsible for Bitrue’s account uncritically reposted the fake message. Bitrue has not yet commented on the incident. The incident also impacted the market price of XRP, which fell by almost 2% in the last 24 hours. These events highlight the vulnerability of social media accounts to cyberattacks and the potential impact of such incidents on financial markets.
The spread of misinformation can trigger significant market movements, especially in the volatile world of cryptocurrencies. Experts warn that such incidents can undermine investor confidence in digital currencies. The crypto community is now called upon to develop mechanisms to prevent the spread of misinformation and improve the security of social media accounts.
These recent events highlight the need for greater regulation and oversight in the cryptocurrency space to protect the integrity of the markets. While the technology behind cryptocurrencies continues to advance, platform security remains a critical issue that could significantly impact the future of the industry.
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