Cointime

Download App
iOS & Android

Social App X's $1 Charge to New Users May Not Stop Crypto Bots, Experts Say

Social app X, formerly known as Twitter, has started charging new users $1 in an attempt to reduce spam, manipulation and bot activity. However, previous attempts to charge users have not been successful in preventing phishing scams by verified accounts on the platform. Crypto-focused bot armies and scammers extensively use X's premium service, which costs $8 a month and rewards a blue tick to users. Market observers believe that other measures, such as enhancing reporting measures and using blockchain, may be more effective in mitigating the bot problem.

Comments

All Comments

Recommended for you