Bitrue Hack Sparks XRP Misinformation as SWIFT Adoption Rumor Fades
Mar 21, 2025, 8:48 p.m.
4 sources
negative
The official Twitter account of Bitrue, an XRP-friendly crypto exchange, posted false news claiming that SWIFT, the global financial messaging network, had adopted XRP for cross-border payments and secured billions in XRP as liquidity reserves. It later emerged that the account was hacked, leading to the deletion of the bogus post and confirmation of the hack by independent observers. As a result, the XRP token experienced a nearly 2% drop over the past 24 hours. In related crypto news, separate hot stories mention a potential $3 XRP scenario, Bitcoin (BTC) making a significant breakout in 2025, and Ethereum (ETH) surpassing the $2,000 mark. Although BTC and ETH are not directly implicated in the hacked account incident, these additional headlines have the potential to influence market sentiment. The event underscores the vulnerabilities in social media accounts and the dangers of rapid information dissemination, which can trigger quick market reactions despite the news later being debunked.
The incident led to immediate negative sentiment, pushing XRP down nearly 2% in the short term due to panic over misinformation and security vulnerabilities. Investors are likely to remain cautious, and the long-term recovery of XRP will depend on effective measures to restore trust and prevent future breaches.
BTC was indirectly referenced in concurrent hot news highlighting a significant breakout. This positive mention may stimulate short-term speculative buying, boosting BTC’s price temporarily. However, without direct ties to the hack, long-term effects on BTC will be governed by broader market trends and its inherent market strength.
ETH's milestone of surpassing $2,000, as mentioned in the hot stories, projects a bullish sentiment that could counterbalance negative market movements stemming from the hack. The short-term outlook for ETH appears positive if traders amplify this breakthrough, yet long-term stability will remain reliant on its ongoing fundamental developments.
Sources
Hacked? XRP-Friendly Crypto Exchange Posts Fake News About SWIFT
u.today
21.03.2025 05:06
Watcher Guru official X account compromised by hacker
crypto.news
21.03.2025 08:24
Another popular crypto X account hacked, spreads fake Ripple-SWIFT partnership news
cryptoslate.com
21.03.2025 11:07
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