Elon Musk recently made headlines by calling out the rampant Ethereum Twitter scambots that have been plaguing the platform. These scammers use bot-armies to mimic celebrities and high-profile users, including Musk, in an attempt to deceive unsuspecting users into sending them cryptocurrency. The posts by these scammers often appear in a celebrity’s feed following an authentic post and promise to multiply the user’s cryptocurrency if they send an initial amount as verification.
Musk took to Twitter to express his disbelief at the “mad skillz” of the scammers behind the Ethereum bots. While some initially thought that Musk was criticizing the scammers, it turns out that he was actually expressing begrudging admiration. His tweet was in response to an account that shamelessly asked him for bitcoin, rather than a reply from a scam bot.
In a twist of fate, Vitalik Buterin, the co-founder of Ethereum, also weighed in on the situation, expressing his disappointment that Elon’s first tweet about Ethereum was related to scammers and not the technology itself. Vitalik has been a frequent target of these scammers and has even added “Not giving away ETH” to his Twitter name, highlighting the extent of the problem.
While Twitter has made efforts to combat the spread of scammers and fake news by shutting down over a million fake accounts per day, the problem persists. It remains to be seen what more can be done to tackle the issue.
The prevalence of Ethereum scambots on Twitter raises concerns about the platform’s ability to resolve this problem. Despite ongoing efforts, the persistence of these scammers underscores the need for more robust measures to protect users from falling victim to fraudulent schemes.
As the tech world grapples with the challenge of tackling crypto scams and fake news, it is crucial for users to exercise caution and stay vigilant to avoid falling prey to such fraudulent activities. Stay tuned for further developments as Twitter and the cryptocurrency community continue their battle against scammers and scambots.