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Saturday, February 4, 2023

Crypto Scam Bots Decrease In Number

Elon Musk, the famous CEO of Tesla and SpaceX, has announced that he wants to ban crypto scammers from Twitter. In a tweet on May 1st, he said that he appreciates the cryptocurrency community’s efforts to fight scams, and promised to help by “getting rid of them [scam tweets].”

Elon Musk, the world-famous CEO of Tesla, announced that he is trying to find ways of stopping crypto scammers on Twitter.

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The famous entrepreneur and inventor recently tweeted about his latest efforts in fighting crypto scammers on Twitter:

“We are working to identify those behind this,” Musk wrote, explaining that the company plans to prosecute the fraudsters and their accomplices.

Elon Musk’s tweet comes after several complaints from users whose accounts have been hacked and used for crypto scams.

Crypto Scam Bots Reduces Significantly

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You might have seen the scam tweets. They typically say something like:

“`

  • link to fake giveaway*

“`

The link leads to a page that looks like an official Elon Musk Twitter account, but it’s actually a phishing site designed to steal your login credentials. The scam tweets with links are often retweeted by bots, which are automated accounts meant to amplify posts that contain links or images. Elon Musk is trying to stop this from happening on his personal account by contacting Twitter directly and reporting all of these fraudulent accounts as spam bots, but it’s still happening because scammers are using other accounts instead of their own in order for their fake giveaways not get taken down so quickly.

In a series of tweets, Musk expressed his gratitude for the work done by communities such as Crypto Twitter and /r/CryptoCurrency/, which monitor scam accounts impersonating popular names in the space: “I appreciate what you do! Thanks for being there for us!”

The group first came together when Elon Musk was impersonated on Twitter by scammers who were trying to pitch false crypto giveaways under his name. The community quickly sprang into action—as soon as it became clear that these scams were happening, @Crypto_Edits tweeted at @elonmusk with a warning about potential frauds related to his account name: “Hi @elonmusk – there’s a lot of scammers out there pretending they are you on twitter today offering free ETH if people send them their address? Can you help let people know not all your tweets are legit?”

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