On-chain investigator ZachXBT has accused top crypto influencer Professor Crypto of using bots to manipulate his social media metrics. Following the allegations, the crypto influencer has deactivated his account without giving a response to the public. Fake Engagement Strategies In a post on X, the on-chain sleuth addressed the Youtuber, telling him to “lay off...Read More
On Aug. 12, X owner Elon Musk said there appeared to be a massive distributed denial-of-service (DDOS) attack on the micro-blogging platform, “working on shutting it down.” A DDOS attack aims to disrupt a website or service by flooding the network with spurious traffic in an effort to prevent users from accessing the site. “As...Read More
X (formerly known as Twitter) has been a popular hook for scammers for over a decade now. However, the tactics employed in these schemes continuously evolve. What’s concerning is that many victims are still falling for scams because of misleading comments made by fake X accounts, leading them to phishing websites. X Fakes Fuel Phishing...Read More
Grok, an AI chatbot with access to tweets from all over X and programmed to be as snarky as possible, is the principal product offered by xAI. The company is Elon Musk’s response to OpenAI – which he also co-founded. However, he later left after disagreements with Sam Altman and others over how to develop...Read More
On Jan. 9, the agency’s X account was compromised, and an announcement was made that spot Bitcoin ETFs have been approved. On Jan. 10, X Support confirmed that the account was hacked, stating: “We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation.” It added that there was no...Read More
Wallet drainers are a type of scam that generally operates by cloning a legitimate website, fooling the target into providing their crypto wallet credentials, and then executing a smart contract that sends the users’ funds to bad actors. 🚨1/ Alert: A ‘Wallet Drainer’ has been linked to phishing campaigns on Google search and X ads,...Read More
Cryptocurrency investigator ZachXBT has revealed on social media that his X account and a few others received a subpoena from a court requesting additional information for unspecified reasons. On October 21, he shared two screenshots regarding the request. The first depicted the court’s request for specific information that X was mandated to provide. The second...Read More
According to cybersecurity researcher ZachXBT, the feature meant to prevent scammers from impersonating legitimate organizations merely created a new black market. Previously, all verified accounts had blue checkmarks. Now, blue checkmarks indicate that the owner of the account has an X Premium subscription and meets the requirements to display the checkmarks. Government officials, multilateral organizations,...Read More
Is Elon Musk going to bring crypto payments to X? In a Monday filing, the tech billionaire’s social media platform secured the Rhode Island Currency Transmission License, which is crucial for offering such services within the state. Dogecoin On X? The approval, confirmed by the Nationwide Multistate Licensing System (NMLS), comes after X (formerly Twitter)...Read More
Elon Musk’s recent denial of the speculated “X coin” has ignited discussions within the cryptocurrency community, particularly concerning the fate of Dogecoin (DOGE). This comes after Musk took to the platform, issuing a clear and direct “No” in response to speculations about the platform having an internal token. NEWS: might be looking at launching coin...Read More
Responding to a Dogecoin influencer warning about scam coins, Elon Musk said Friday that X will never launch a token. And we never will — Elon Musk (@elonmusk) August 5, 2023 While that may be so, make no mistake about it — crypto and finance feature heavily in Musk’s plans for X.com. He recently teased...Read More
FTX seems to be the story that keeps on giving as more and more information gets revealed following the downfall of what was one of the world’s largest crypto empires. Now, a new report indicates that a number of cryptocurrencies that were traded by Alameda Research saw their price pumped by bots. An Army of...Read More
While Twitter’s sudden rebranding to X has caught many by surprise, it seems Elon Musk has had a radical transformation for the platform in mind for a while. Here’s what we know about how he plans to change the old “Twitter” – and what it might mean for crypto. Baking In Financial Services In a...Read More
On July 6, Mark Zuckerberg, the CEO and founder of Facebook’s parent company Meta Platforms, launched a new platform dubbed Threads in 100 countries across the globe. The social media network is considered a rival to the micro-blogging platform Twitter. Speaking against the newly launched platform, Twitter owner and former CEO Elon Musk hauled Threads...Read More
Joseph James O’Connor, a U.K. citizen and one of the perpetrators of the 2020 Twitter hack, has been sentenced to five years in prison for his role in several cybercrime offenses. According to a press release by the United States Attorney’s Office for the Southern District of New York, Judge Jed S. Rakoff sentenced O’Connor...Read More
Apple has issued a warning to the decentralized social networking company, Damus with expulsion from the App Store if it does not remove a feature that enables Bitcoin payments. Damus, which is based on top of a decentralized social media protocol Nostr, was developed as a Twitter alternative and is backed by Jack Dorsey. Since...Read More
Binance CEO Changpeng Zhao (CZ) recently unfollowed Tesla and SpaceX chief Elon Musk after what seemed like a long and friendly history between the two parties. Though neither executive has left any explicit clues, crypto Twitter has some theories about what may be driving tension between the tech billionaires. Did Twitter Shun Binance? Twitter account...Read More
Elon Musk announced that he has found a new leader for Twitter and will shift into a new role as chief technologist. While Musk is yet to name his successor, reports suggest that NBC Universal executive Linda Yaccarino could potentially replace him as the new leader of the microblogging platform. In a tweet on May...Read More
Joseph James O’Connor, a 23-year-old British citizen extradited from Spain to the United States on April 26, pleaded guilty to multiple charges, including hacking the social media platform Twitter in 2020. O’Connor, who also uses the online name PlugwalkJoe, has been charged with stealing cryptocurrencies worth $794,000 from a Manhattan-based company through a SIM Swap...Read More
Dogecoin (DOGE) – the OG memecoin – was up by around 30% since the beginning of the month. It is trading above $0.09 and is currently rising on the backdrop of Elon Musk’s tweet about his starship launch attempt. But the initial boost can be attributed to the abrupt change of the old blue bird...Read More
Twitter is all set to roll out a new feature enabling its users to access stocks, cryptocurrencies, and other financial assets through a partnership with the fintech company eToro. The collaboration will focus on expanding Twitter cashtags to cover far more instruments and asset classes, as per an eToro spokesperson. eToro-Twitter According to a CNBC...Read More
The speculations about whether Elon Musk purposefully inflated Dogecoin’s price by changing Twitter’s logo so that he can dispose of his holdings continue on social media. According to data from Lookonchain, two of the five largest DOGE whales sold over $120 million worth of the memecoin amid its massive price rally this week. Twitter’s new...Read More
Twitter’s main logo abruptly changed on Monday into a picture of the infamous “Doge” meme – a Dogecoin (DOGE) predictably pumped as a result. The cryptocurrency is up 25% in the past hour, now trading for $0.1. Elon Pumps Doge (Again) When logging into Twitter, the bluebird that once appeared on Twitter’s loading page has...Read More
Famous American investor Michael Burry, who predicted the 2008 financial crisis, has withdrawn his statement telling his Twitter followers to “sell.” His bullish reversal follows years of predictions that financial markets would continue to tap lower lows since peaking in 2021. Burry Flips Bullish? On Thursday, Burry reactivated his Twitter account – which he frequently...Read More
The Twitter account of one of the leading news channels in India – News24 – became a victim of a recent cryptocurrency scheme. Hackers breached their security to post phishing links of a fake XRP drop, urging people to click and potentially get conned. Crypto scammers have previously compromised the Twitter account of India’s Prime...Read More
Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. According to a report, users can log in to the new app through their Instagram credentials. The latter’s head, Adam Mosseri, has been roped in to lead the project. With the new app using existing Instagram data, including...Read More
The popular meme-inspired cryptocurrency – FLOKI – spiked around 41% after Elon Musk uploaded a photo of his dog dressed as the new Chief Executive Officer of Twitter. Other memecoins, including DOGE, SHIB, and BABYDOGE, also headed north albeit in a more modest fashion. Tesla’s CEO and one of the wealthiest people on the planet...Read More
Michael Burry – the famous American investor and hedge fund manager who predicted the 2008 financial crisis – deleted his personal Twitter account. In his latest tweet from last night (February 1), he advised investors to “sell.” However, most markets, including the cryptocurrency one, surged after the Federal Reserve increased the interest rates from 4.5%...Read More
Elon Musk is moving ahead with plans to bring payment functionality to Twitter, bringing another revenue stream to the struggling social media giant. Though the technology will primarily be fiat-focused, it will be built so that crypto-functionality can be added in the future. Twitter and Payments As reported by the Financial Times on Monday, Esther...Read More
The popular on-chain sleuth ZachXBT recently called out two growing Twitter accounts for perpetrating multiple NFT-related scams over the past month. The analyst explained the timeline of events on Friday, including their sudden rise to prominence and the rug pulls they’ve managed to pull off. Calling Out the Scammers As outlined in the analyst’s Twitter...Read More
