Crypto Scammers Use Anti-Muslim Rage-Bait to Push Fake XRP and XLM Schemes

• CSOH identified more than 220 X accounts suspected of financial or sexual bait scams.
• Scammers use anti-Muslim posts and political outrage to build audiences before promoting investments.
• Scammers allegedly direct victims to invest in XRP and XLM through fraudulent financial claims.

Anti-Muslim posts on X are being used to attract attention and build audiences before scammers introduce fraudulent investment opportunities. A report by the Center for the Study of Organized Hate (CSOH), identified more than 220 accounts suspected of financial or sexual bait scams. Some accounts later warned followers of an alleged banking collapse or financial reset before steering them toward cryptocurrency schemes involving XRP and XLM.

Anti-Muslim Rage-Bait Creates Trust Before Investment Pitch

The campaign reportedly began in September, as the US midterm election season gained …

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