Ever since Tesla’s Elon Musk tried to buy Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have plagued tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and whenever a popular crypto account posts, the feed is full of legions of bots trying to scam people. Although people regularly report the bots and openly complain about the problem, Twitter has done very little to address the issue.
Musk’s Bot Accusations Backed by Binance – “Twitter, Please, I’ve Seen Enough of My Boss Already”
Twitter (NYSE: TWTR) has a problem with fake accounts, or bots, which are quite prevalent in the crypto ecosystem and other industries like tech, finance, and politics. While bots and fake accounts have been around for a while, when Elon Musk attempted to buy Twitter this year, his team asked for figures regarding the number of spam accounts taking advantage of the social media app. When Musk decided to end the deal with Twitter, his lawyer explained that the Tesla executive needed more information necessary to “make an independent assessment of the prevalence of fake accounts or spam on the platform. -form of Twitter”.
Musk’s attorney added:
Sometimes Twitter ignored Mr. Musk’s requests, sometimes it rejected them for reasons that seem unwarranted, and sometimes it pretended to comply while giving Mr. Musk incomplete or unusable information.
In late August, a Delaware Court of Chancery judge ordered Twitter to provide Musk and his team with additional data. Additionally, the United States Securities and Exchange Commission (SEC) has also launched an investigation into spam accounts using the social media app. On September 5, Musk tweeted about the new movie “Rings of Power” and after his comment he said, “And 90% of my comments are bots.” Musk shared a photo of spam accounts claiming to be Binance CEO Changpeng Zhao, otherwise known as “CZ”.
Binance’s official Twitter account complained to the social media company in Musk’s thread and pointed out, “Twitter please I see my boss enough already. Can you help me so that I don’t have to see it 99 times more each day? The “CZ Binance” account name is a very popular spam account name right now, and a simple search will immediately yield 16 accounts impersonating “CZ Binance”. Spell CZ name with Binance term in different variants will produce dozens of CZ bots spamming people on Twitter every day.
CZ Legions Twitter Bots
Currently, the legions of CZ bots that exist can spam almost any major crypto account that posts a tweet. For example, the Twitter account for Bitcoin.com News has 2.6 million followers, and whenever the account tweets a new article, spam accounts appear in large numbers and many of them are fake CZ accounts. A lot of other fake accounts use non-fungible token (NFT) images for their profile pictures and spam comments with links and further say: “Why is nobody talking about it?“Internet users also have a fake account to respond to the comment, in order to reinforce the scam. “He’s a crazy guy,” one person says in response to a scam Youtube video link.
The same spam accounts and CZ bots can be found in tweets from almost all popular Twitter accounts, including Coindesk, Cointelegraph, The block, Coinbase, Crypto.com, BitfinexComment, Blockchain.com, and more. In addition to CZ, since the Ethereum merger hype began, Twitter has been littered with numerous Vitalik Buterin Twitter bots. What is worse is the fact that some of these accounts have blue tick checks. Even Buterin openly mocked one of the prolific comments that crypto bot scammers like to say in Twitter threads: “But why is everyone silent FQTP on this???” After the commentary, Buterin “Rickrolled” the thread with Rick Astley’s official “Never Gonna Give You Up” music video.
The reporting process on Twitter is fragmented into a myriad of sections, but it does provide the opportunity to report an account accused of “[Spamming or] post malicious links, misuse of hashtags, false engagement, repetitive replies, retweets or direct messages. After checking this part of Twitter’s complaints process, the account can be accused of “posting misleading or misleading links, leading to scams, phishing, or other malicious links.” After notifying Twitter that the account is posting misleading or misleading links that lead to scams, Twitter once again asks you to confirm the report. “Looks like you want to report for platform manipulation and spam,” asks Twitter’s reporting process.
Typically, after reporting dozens of these types of spam accounts, bots still exist in large numbers and often Twitter will not respond to the report. From time to time, Twitter will say that it has discovered that the account is suspected spam and respond to the report. Usually Twitter just hides the spam account from the person who reported it and the fake account is still seen by the general public.
Crypto Influencer Pomp Fixes Twitter Spam Account Issue, Social Media Company’s Information Security Officer Asked About Spam Issue
Last week, the popular Twitter account known as “Pomp”, operated by crypto investor Anthony Pompliano, complained on the situation of the bot. “I manually blocked hundreds of Twitter bots today,” Pompliano wrote September 12. “It happens every day. How on earth can a $32 billion company not solve this problem? I blocked over 30 bots who replied to the original tweet within the first 4 minutes. Unreal,” the crypto influencer added.
Twitter, company employees, and the support team have been asking about the bot and spam account issue for some time. Lea Kissner, head of information security, privacy engineering and IT teams at Twitter, was asked about the issue on August 18. “Do you plan to set up a team to deal with spam?” the person asked Kissner. “It’s out of control, [especially] in the bitcoin/crypto sphere. verify any bitcoiner with [a] decent tracking. Kissner answered the question and said“Trust and Safety and Health are different teams. We work with them, but in a different organization. The person responded to Kissner’s statement and noticed:
I thought spam prevention would fall under information security. My mistake then.
What do you think of crypto spam accounts and CZ bots on Twitter? Let us know what you think about this topic in the comments section below.
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