Twitter has made its first major pushback against the onslaught of cryptocurrency-related scams that currently plague its platform.
According to a report published by The Verge, Twitter is now automatically locking unverified accounts that change their display name to ‘Elon Musk,’ one of the largest targets of crypto scammers. Scammers commonly respond to Musk’s tweets with a string of fake giveaways announcements and fraudulent links.
A Twitter spokesperson said in a statement given to The Verge that the company is actively working to deploy new methods of detecting and combating spam activity.
As part of our continuing efforts to combat spam and malicious activity on our service, we’re testing new measures to challenge accounts that use terms commonly associated with spam campaigns. We are continually refining these detections based on changes in spammy activity.
The rampant spamming activity has worked to alter the Crypto Twitter landscape, forcing many well-known accounts to include “Not Giving Away ETH” in their profile names. While many users look to Twitter’s verification checkmarks as a means of properly identifying real accounts, scammers have gone as a far as to hijack unrelated, Twitter-verified accounts to create fake profiles that almost perfectly mimic the real ones.
In a separate statement, Twitter told Verge that it plans to evolve its policies with the ever-changing tactics used by scammers.
This is an evolving challenge. As such, we’re rapidly developing our response to be more agile and effective in detecting these behaviors and enforcing our policies — particularly as it relates to deceptive cryptocurrency accounts in violation of our spam rules.
While small, the move by Twitter is a good first step towards making Crypto-Twitter functional again.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.