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Wednesday, July 9, 2025

Twitter witnessed 1374 per cent increase in crypto-spam volume: LunarCrash - The Indian Express

This report comes as Billionaire Tesla CEO Elon Musk’s acquisition of Twitter for $44 billion was put on hold earlier this month after Musk made a number of statements around this issue of bots, the latest being the claim about 20 per cent of users are fake, but he’s now insisting on more evidence from Twitter to back its claims that only 5 per cent of users are spam or fake.
He wrote in a tweet, “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”
Cryptocurrency scammers are determined to find creative ways to gain access to crypto-wallets and steal digital assets. These cybercriminals tag users in replies across hundreds of tweets. Hackers hijack verified and unverified accounts on Twitter to impersonate popular NFT projects, including Bored Ape Yacht Club (BAYC), Azukis,...



Read Full Story: https://indianexpress.com/article/technology/crypto/twitter-has-witnessed-137...

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