Tesla Inc. CEO Elon Musk has agreed to a comment by Dogecoin co-creator Billy Markus that Twitter Inc. needs to curb cryptocurrency scam activity on its social media platform. What Happened Markus asked Twitter to take action on the “super irritating” cryptocurrency scams, to which Musk commented by saying, “Agreed. This has been broken for a long time.” Agreed. This has been broken for a long time. — Elon Musk (@elonmusk) February 16, 2022 Why It Matters In January, Musk criticized Twitter’s decision to let users have verified nonfungible tokens (NFT) as profile pictures and suggested that the company was wasting resources on this effort instead of trying to curb spam activity. Cryptocurrency scams—particularly by impersonators of Musk, Ethereum co-founder Vitalik Buterin, and other notable figures—have been widespread in recent years on Twitter. The scammers typically ask Twitter users to send cryptocurrencies like Bitcoin, Ethereum, or Dogecoin to specific wallet addresses, promising …
Elon Musk and Dogecoin Co-Creator Say Twitter Needs to Take Urgent Action Against Crypto Scams
February 17, 2022
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