According to reports the social media platform Twitter has been deleting millions of fraudulent accounts per day, and stated during the first week of July that it suspended more than 70 million accounts throughout May and June. However, the cryptocurrency industry is still plagued by tons of ‘ETH scam-bots’ pretending to be bitcoin luminaries and this scheme has made these particular fraudsters millions.
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Twitter Says The Company Has Suspended 70 Million Phony Accounts, But Bots Still Plague the Twitter-Sphere
Over the last few weeks, news.Bitcoin.com had written about the various Twitter scams and fake Ethereum giveaways that can be found throughout lots of conversations within the cryptocurrency industry. Some developers have even been working on cryptographic solutions that can weed out the vast amount of lookalike Twitter scammers. The massive amount of phony accounts use a person’s profile picture, the same username, and these frauds typically jump into a conversation following a hot tweet and push their ETH giveaways.
Phony John McAfee and Tone Vays Twitter accounts. Screenshots were taken on July 15, 2018.
An example giveaway is you give them 5 ETH, and they say they will give you 50 ETH in return after the funds are sent. This particular trick, even though it’s pretty obvious to some people, has been able to help these imposters acquire millions of dollars worth of Ethereum. Then just last week Twitter detailed to the media that they have thrown the ban-hammer down on fake accounts and have been suspending millions a day.
According to the Washington Post, the social media giant suspended 70 million accounts throughout May and June. Even though in the cryptocurrency ecosystem, these bots or
