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Twitter Cracking Down on Fake Accounts and Crypto Scam Bots

Twitter Cracking Down on Fake Accounts and Crypto Scam Bots

Twitter is cracking down on fake accounts- finally. There’s been a long-time practice of scam artists and bots who impersonate high-profile people. In the crypto space, this is a common doing to scam users out of their coins. Bots will pretend to be people like Elon Musk giving away free coins in return for a small “investment” and promising to send them back a larger amount, which doesn’t happen.

Twitter has now started to ban users who have unverified accounts and change their display name to Elon Musk. Users must now verify their identity with a CAPTCHA test and a phone number verification if they try to use a display name identical to a significant and influential person. They’re currently testing this with Elon Musk.

Recently Musk tweeted about the “mad skillz” scam bots have at pretending to be him and scam his fan base. This then triggered a response from Vitalik Buterin, creator of Ethereum, who also is plagued with scam bots. He even added “Not giving away ETH” to his display name to warn followers.

Twitter has told The Verge that they’re “testing new measure to challenge accounts that use terms commonly associated with spam campaigns.”

Long-time reader of crypto. One of the first graduating classes of Blockchain and Future Trends. Writer, journalist, and newbie technical analysis price speculator. Learning about the development of cryptocurrency and blockchain technology around the world is my job. ICOs, whitepapers, and cryptoculture are my things.

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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