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Twitter Attempts to Prevent Crypto Scam

What happened

Twitter is trying to stop the spreading of cryptocurrency-related scams on its platform, says Bloomberg quoting the source in the company.

How exactly does Twitter do that?

By implementing measures to “prevent these types of accounts from engaging with others in a deceptive manner,” according to Bloomberg. Twitter issued its statement in response to a media inquiry regarding the restriction of the @Bitcoin handle.

Why is it important

Crypto scams on Twitter are indeed not a rare thing. The crypto community itself isn’t happy about it: as we wrote earlier, Vitalik Buterin warned his followers of the increased scam flow (https://t.me/yoken/322). So it seems like the right time to take measures.

What can we learn from it

  •  Social media started to take actions against crypto scams – first it was Facebook which banned ICO ads, and now Twitter.
  •  However, it’s important that social media platforms find the right way to separate crypto scams from decent projects which actually need to talk to their community.
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