Twitter Starts Massive Crypto Sweep
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Main page Analytics, Hacker attack, scam, Twitter

The crypto community has noticed that the popular microblogging service Twitter is massively deleting various cryptocurrency accounts. This can be seen simply by following the number of subscribers among popular market representatives.

Last week, from October 29 to November 1, according to SocialBlade, the Binance and OKex cryptocurrency exchanges lost almost 3,000 subscribers, Coinbase 1,929, Bitfinex 1,473, Bitstamp 1,247, OKCoin 511, ICO project Stratisplatform more than 840, and WePower — 755.

Twitter Starts Massive Crypto Sweep
socialblade.com/twitter/user/okex

Twitter representatives have not yet released any official statements, but the first conclusions can already be drawn. Most likely, accounts that had been created only to participate in airdrops and bounty campaigns were destroyed. The sweepers also could have been caught by fraudsters who lured funds from users under the guise of celebrities allegedly distributing cryptocurrency. One of these stories happened just the other day, when fraudsters stole money using the name of Elon Musk.

“False Musks” Back on Twitter

Perhaps this way the social network wants to get rid of empty accounts and prohibit users from having multiple profiles just to get more free coins. Such measures in the end can only benefit honest users who will get chances of a good share in the new token distributions. As a result, Twitter can generally improve the crypto ecosystem, and mass stripping will prove to be a useful step.

It is worth noting that the problem with the increased number of crypto scams that operate on the social network really exists. This aspect has already attracted attention of the crypto community itself and forced the leadership of Twitter to deal with the situation.

Twitter to Ban Cryptocurrency Ads

In August, researchers at the American company Duo Security used machine learning algorithms to identify bot accounts. They uncovered a complex, extensive network of bots associated with cryptocurrency fraud on Twitter consisting of at least 15,000 bots. During the period from May to July 2018, the company collected and analyzed 88 million public accounts on the social network containing more than half a million tweets.

Analysts have identified tactics used by malicious bots to appear legitimate and avoid getting on the radar. Accounts have been programmed to look authentic and avoid automatic detection. The bots artificially fanned popularity on Twitter so that the information seemed legitimate and honest to potential victims of fraudsters.

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