Elon Musk Slashes Crypto Bot Activities with One Tweet, DOGE Co-Founder Verifies 4d402g

Elon Musk has claimed that a bunch of people are running bots and troll s on Twitter and their identified IP address will soon be tackled by the Twitter team. r2d3t

Elon Musk Slashes Crypto Bot Activities with One Tweet, DOGE Co-Founder Verifies

Photo Credit: Reuters 3v6d2p

Crypto spam volume on Twitter has risen by 1,374 percent in the last three years

Highlights
  • Twitter was purchased by Elon Musk earlier this year
  • Elon Musk aims to free Twitter from financial risks propagated by bots
  • Several of the crypto community are being scammed on Twitter
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Elon Musk, who purchased Twitter earlier this year, has been very vocal about his aim to get rid of crypto bods from the micro-blogging platform. Musk, over the weekend, tweeted a warning targeted at the bots swarming around on the social networking app. Soon after, industry including Dogecoin co-founder Billy Markus confirmed that bot activities did dip down on Twitter following Musk's alert. Musk wishes to take bots off Twitter, where a bunch of suspicious and potentially dangerous scam threats are exposing millions of people to financial risks.

Musk has claimed that a bunch of people are running bots and troll s on Twitter and their identified IP address will soon be tackled by the Twitter team.

Dogecoin's Markus, along with Bitcoin analyst who goes by the name of PlanB on Twitter, ran tests to check if the bot army subside its activities post Musk's warning.

They also congratulated the SpaceX CEO on making progress with his anti-bot plans.

In May, crypto intelligence firm LunarCrush claimed that the spam volume on Twitter has risen by 1,374 percent in the last three years.

Back in August, a cyber security analyst who goes by the name of ‘Serpent' tweeted to his followers that the crypto community is very unsafe on Twitter.

As per phishing scams and later using the ‘crypto recovery scam' technique to further dupe them. The scammers claim to be blockchain developers and ask for a fee to deploy a smart contract to recover stolen funds before they charge a fee and flee.

Under the circumstances, Musk has vouched to take down bot s as soon as they are identified.

“Twitter will also be moving to prosecute scammers anywhere on Earth,” the multi-billionaire noted.


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Further reading: Bots
Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More
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