Twitter has finally addressed crypto scams on the platform

Cryptocurrency scams on the social media platform Twitter have been growing for some time, and now it seems that the company is making moves to improve the situation.

Many notable accounts have been either copied with very similar usernames in order to fool unsuspecting users, or hacked as was the came with John McAfee’s account at the end of last year.

Following the incident, McAfee wrote: “The scammers are becoming problematic. Twitter has been no help. When I go into protected tweet mode my Twitter app crashes because it cannot handle the volume of follow requests. Do not fall for any giveaways. I do not give away anything.”

In a statement to Newsweek, a Twitter spokesperson said: “We’re aware of this form of manipulation and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner.”

Further to this, in a reply to Emin Gün Sirer, Twitter CEO Jack Dorsey simply wrote, “We are on it.”

Whether these statements become anything concrete remains to be seen, with Twitter already battling against a bad reputation when dealing with abuse of the platform.

FinanceMagnates