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Hedera (HBAR), a leading player in the enterprise crypto solutions industry and competitor to XRP, has taken proactive steps to alert its community to the growing threat of fraudulent attacks. In a recent social media post, Hedera emphasized her stance regarding airdrops, stating unequivocally that she does not carry out such activities.
The warning urges subscribers to exercise extreme caution, avoiding any posts or links claiming otherwise, as they could be potential traps set by malicious actors.
The prevalence of fraudulent airdrop schemes has become a significant threat in the crypto landscape. Previously, XRP had suffered its share of these scams, in which deceptive advertisements promised generous token distributions, only to leave victims empty-handed.
Signal of success
The recurring mention of Hedera and its native token, HBAR, in such nefarious contexts could indicate a growing interest in the project among investors, thereby attracting the attention of opportunistic scammers looking to exploit this growing popularity.
For example, when XRP was granted its non-secure status in July in the SEC case against Ripple and its price soared 100%, the entire crypto space was flooded with false advertisements for this popular cryptocurrency.
Recent developments have highlighted Hedera's growing importance in the crypto sphere. Notably, the HBAR token has seen a staggering 76% increase in value over the past three weeks, coinciding with crucial announcements.
These include the approval of a substantial allocation of HBAR tokens, exceeding $400 million, to foster the platform's ecosystem. Additionally, a historic five-year deal worth a quarter of a billion dollars was signed with Saudi Arabia's Ministry of Investment, raising Hedera's profile on the global stage.
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