Monday June 18, 2018
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Twitter working to fix cryptocurrency scam issue

On seeing that the threads were posted by "verified accounts", people fell in the trap and lost digital assets

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Twitter to curb cryptocurrency frauds.
Twitter to curb cryptocurrency frauds.
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  • Twitter to curb copycat handles
  • This will help is curbing scams related to cryptocurrency
  •  Many people have lost assets due to fake accounts

As the issue of copying verified Twitter accounts to trick cryptocurrency users is becoming increasingly prevalent, the microblogging company has said that it is working to curb these copycat handles.

Twitter working to eliminate fake accounts. VOA
Twitter working to eliminate fake accounts. VOA

Company CEO Jack Dorsey on Tuesday replied to a tweet that complained about the ongoing cryptocurrency scam on Twitter in which several users have been tricked and their digital assets were stolen.

“We are on it,” Dorsey replied to a user who questioned the CEO if the company was taking note of it, Coindesk.com reported. On February 26, Dorsey had said that his company was aware of the issue and they “are fixing” the problem.

Also Read: Twitter rolls out Bookmarks feature globally

Several users have been complaining about being duped on Twitter by fraudulent offers that promise a huge amount of Ether cryptocurrency in return for small initial deposits. These offers are being made by accounts that mimic well-known industry members and have a “blue tick” (verified account).

As a preventive measure, Twitter had banned several accounts, including the support team for cryptocurrency exchange Kraken despite they tried to warn others about the scam. On Tuesday, the ban on Kraken’s customer support handle was lifted.

“Good news, guys! @krakensupport is back! Strange that our initial appeal was also apparently handled by an automated system. Thank you all for your public outrage. Stay vigilant,” it announced.

Many people lost digital assets due to fake accounts on Twitter.
Many people lost digital assets due to fake accounts on Twitter.

According to the report, the scam began after an influencer posted a tweet regarding a fraudulent offer which was followed by similarly designed accounts.

In order to make the posts seem more legitimate, the spam accounts posted supportive messages, claiming that they have received the returns. On seeing that the threads were posted by “verified accounts”, people fell in the trap and lost digital assets. IANS

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Live News Events on Your Twitter Timeline, Notifications

Twitter to put live news events in your timeline, notifications

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Live News Events on Your Twitter Timeline, Notifications
Live News Events on Your Twitter Timeline, Notifications. Pixabay

Twitter has announced that it will put more live news events in your timeline and notifications and might also send users customised push notification if an event is happening that they may be interested in.

“We’ve been working to change how you discover all the information around news, events, and stories. It’ll be easier to find and follow the big events and stories you care about in your timeline, notifications and Explore,” Twitter said in a blog post on Thursday.

Twitter is now experimenting with topic tabs in its “Explore” tab so that it will be easier to see what’s happening in news and entertainment and what’s most relevant to you.

“Starting today, at the top of search results, you’ll see related news, events, or stories and be able to tap in to get a recap and see the latest discussion, videos or scores,” it added.

At the top of your timeline, users will now see the news that’s relevant to them along with the surrounding tweets and videos.

Representational image.
Representational image. Pixabay

The new features will be available in the coming months to everyone in the US on iOS and Android.

“We’re also experimenting with sending notifications to you based on your interests (like who you follow and what you Tweet about), so you won’t miss a beat,” Twitter noted.

You can always turn off these notifications by going to your recommendations settings and toggling to not see the news.

Also Read: Twitter to Revive Accounts Suspended by Age Restriction

For its “Moments” feature that was launched in 2015 as a way to discover and learn about what’s new, Twitter is introducing a new vertical timeline experience.

“Some Moments” including Moments outside of the US, Sponsored Moments, and Moments created by you “will temporarily continue to be horizontal as we roll out this change”, Twitter said. (IANS)