Twitter CEO Promises to Crack Down on Cryptocurrency Scams

Thank god! One of the worst and best places for Cryptocurrency news is Twitter, but man there's tons of Fud on Twitter and just awful tweets. So, in my eyes this is probably good as well for wading through the fun. I'm clipping some quotes from the article I read about this...

Twitter CEO Jack Dorsey has promised that the social media giant will crack down on the increasing number of cryptocurrency scam accounts that have begun to proliferate in “Crypto Twitter.”

“We are on it,” Twitter CEO Jack Dorsey wrote after Cornell professor Emin Gün Sirer tweeted that “[t]hese scams are getting out of hand.”

Over the past several months, an increasing number of industry figures with large Twitter followings have seen their profiles copied and used to scam naive followers into sending cryptocurrency to scammers’ wallets.

Moreover, suspended accounts are quickly replaced with new ones, creating a cat-and-mouse game for Twitter’s moderators.

The scam artists have also begun adapting their methods to evade detection. As was the case with Charlie Lee’s impersonator above, many of the fake accounts have begun using shortened URLs to conceal the fact that they are linking to wallet addresses — indicating that Twitter is eyeing these types of posts with particular scrutiny.

I'm not sure how they will be able to stop the scams and the fake accounts, but at least they're trying

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