Since Tesla’s Elon Musk attempted to purchase Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have infested tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and any time a popular crypto account posts, the thread is teeming with legions of bots trying to scam people. Despite people reporting the bots regularly, and openly complaining about the problem, Twitter has done very little to address the issue.
Musk’s Bot Accusations Backed by Binance — ‘Twitter, Please, I See Enough of My Boss Already’
Twitter (NYSE: TWTR) has an issue with phony accounts, or bots, that are quite prevalent in the crypto ecosystem and other industries like technology, finance, and politics. While bots and fake accounts have been known to exist for quite some time, when Elon Musk tried to purchase Twitter this year, his team asked for numbers concerning the amount of spam accounts leveraging the social media application. When Musk decided to terminate the deal with Twitter, his lawyer explained that the Tesla executive needed more information necessary to “make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform.”
Musk’s attorney added:
Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.
At the end of August, a judge on the Delaware Court of Chancery ordered Twitter to provide Musk and his team with additional data. Furthermore, the U.S. Securities and Exchange Commission (SEC) also started a probe into the spam accounts using the social media application. On September 5, Musk tweeted about the new “Rings of Power” film and after his commentary, he said: “And 90% of my comments are bots.” Musk shared a picture of spam accounts pretending to be Binance CEO Changpeng Zhao, otherwise known as “CZ.”
The official Binance account on Twitter complained to the social media company in Musk’s thread and stressed: “Twitter, please, I see enough of my boss already. Can you help so I don’t have to see him 99x more each day?” The account name “CZ Binance” is a very popular spam account name right now, and a simple search will immediately produce 16 accounts pretending to be…
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