- Scammers have started using fake duplicate Twitter profiles of reputable journalists (Bloomberg) and even influential entrepreneurs (Elon Musk) equipped with hijacked profile pictures that make buy recommendations.
- The rapid rise of Bitcoin has sparked many to scour social media for the next big digital currency.
- Fake bot accounts offer nonexistent ‘new’ digital currencies in exchange for money or bitcoin.
- Still largely unregulated, there’s little legal protection from digital currency scams.
- In response to complaints, Twitter recently started limited coordinated posting across multiple bot accounts.
