Tesla's Elon Musk tried to buy Twitter, and tried to find information about the number of bots present on the platform. However, Twitter bots infest tens of thousands daily posts. Bots are very common in the cryptocurrency industry. Every time a popular account posts, the thread becomes infested with bots trying to scam people. Twitter has not done much to address the issue despite people complaining about bots and regularly reporting them.
Musk's Bot Accusations Supported by Binance — Twitter. Please, Enough of My Boss'
Twitter (NYSE:TWTR) is having a problem with fake accounts or bots. These bots are very common in the crypto industry and other industries such as finance, technology, politics, and finance. Although bots and fake accounts are well-known, Elon Musk attempted to buy Twitter in 2018. His team requested numbers about the number of spam accounts using the social media platform. Musk ended the deal with Twitter after his lawyer stated that Musk needed more information to make an independent assessment about the number of spam accounts and fake accounts present on Twitter's platform.
Musk's lawyer added:
Twitter has sometimes ignored Mr. Musk's requests. Sometimes it has rejected them for reasons that seem unjustified. Other times it has claimed to comply but given Mr. Musk incomplete or inaccessible information.
A judge from the Delaware Court of Chancery directed Twitter to provide additional information to Musk and his team at the end of August. The U.S. Securities and Exchange Commission started an investigation into spam accounts that were using the social media platform. Musk posted a September 5th tweet about "Rings of Power", and then commented that "90% of my comments were bots." Musk also shared a photo of spam accounts claiming to be Changpeng Zhao (also known as "CZ")
Twitter's official Binance account complained to Musk in Musk's thread. He stated: "Twitter please, I see enough about my boss already. Can you please help me so that I don't see him 99x per day?" CZ Binance is a popular name for spam accounts. A simple search will instantly produce 16 accounts claiming to be CZ Binance.
The Legions of CZ Twitter Bots
CZ bots can currently be found spamming almost every major crypto account that posts a tweet. The Twitter account for Bitcoin.com News boasts 2.6 million followers. Every time they tweet out a new article spam accounts are visible in large numbers. Many of these accounts are fake CZ accounts. Many other fake accounts also use non-fungible token (NFT) images as their profile pictures. They spam comments with links and further ask: "Why isn’t anyone talking about it?" To further the scam, they also have a phony account respond to the comment. One person responds to a Youtube link that shows a scam.
Nearly every popular Twitter account, including Coindesk and Cointelegraph, The Block and Coinbase, can include tweets from spam accounts and CZbots. These include Coindesk and Cointelegraph, The Block and Coinbase as well as Crypto.com and Bitfinex and Blockchain.com. CZ is not the only problem. Since the hype around Ethereum's Merge, Twitter has been full of Vitalik Buterin-copy-cat Twitter bots. Worse, some of these accounts are verified with blue check marks. Buterin mocked openly one of the most popular comments crypto bot scammers like tweeting: "But why are everybodyy silentFQTP about thiss?" "
Twitter's reporting process is broken into many sections. However, it allows you to report accounts that are accused of "[Spamming] posting malicious links or misusing hashtags," "posting misleading links, deceptive or leading to scams or other malicious hyperlinks," Twitter asks. Twitter's reporting process asks you to confirm that the account is reporting for platform manipulation and spam.
Most often, even after reporting many spam accounts, bots are still present in large numbers. Twitter may not respond to your report. Twitter will occasionally respond to reports by saying that it has received the report and that the account is suspected of spamming. Twitter will usually hide the spam account from the person who reported them and the fake account can still be seen by the public.
Pomp, Crypto Influencer, Addresses Twitter's Spam Problem. Social Media Company's Head for Information Security Questions About Spam
The popular Twitter account "Pomp", owned by crypto investor Anthony Pompliano complained about the bot situation this week. Pompliano posted September 12: "I have manually blocked hundreds Twitter bots today." This happens every day. This problem is solved every day by a $32 million company. I blocked over 30 bots that replied to the original tweet within the first four minutes. "Unreal," said the crypto influencer.
The bot and spam account issue has been a topic of conversation for Twitter and its employees. Lea Kissner (CISO) of Twitter's information security and privacy engineering teams and IT teams was questioned about the issue on August 18. Kissner was asked, "Do you have plans to create a team to combat spam?" It's out of control, especially in the bitcoin/crypto sphere. Check any bitcoiner with a decent following." Kissner answered the question and stated: "Trust and Safety and Health" They work with them, but they are a different organization." Kissner replied to the question and said:
I assumed spam prevention would be covered under information security. I made a mistake.
What do you think of the CZ bots and crypto spam accounts on Twitter? Please comment below to let us know your thoughts on this topic.
By: Jamie Redman
Title: ‘Why Isn’t Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators
Sourced From: news.bitcoin.com/why-isnt-anyone-talking-about-this-twitters-crypto-spam-problem-increases-with-legions-of-cz-bots-verified-vitalik-impersonators/
Published Date: Wed, 14 Sep 2022 19:30:02 +0000