Meta’s Threads Flooded With Crypto Scammers From Twitter

Earlier this month, Twitter made a striking decision in its fight against abuse of the platform. To counteract the activity of fake accounts, among other things, a limit was placed on the number of messages that could be viewed per day for unauthenticated users. Meta, the parent company of Facebook, was quick to act and launched Threads, a variant of Twitter. Ironically, countless fake crypto accounts are now starting to pop up on Threads. Prominent influencers are warning about these crypto scammers on Threads.

A new opportunity for crypto scammers

Scammers clearly don’t waste a single moment and as soon as Threads was online, fake accounts of well-known crypto influencers started popping up en masse. Threads now has almost 100 million users. Twitter, by comparison, has about 450 million.

Not only fake accounts of crypto influencers are popping up. Threads also see fake accounts of crypto companies. This is how Wombex Finance warned its users through Twitter about a fake account on Threads.

“Attention! Wombex Finance DOES NOT HAVE an account on the Threads platform. Any account claiming to be Wombex Finance on that platform is fraudulent and a scammer.”

According to the official Twitter account of the crypto platform. NFT influencer Leonidas also warns his followers about a fake account on the Meta platform. He also believes that other ‘large NFT accounts’ are also targeted by rogue impersonators on Threads.

The irony is great

Twitter has long suffered from the problem of fake accounts and scammers. This is a well-known problem, especially on crypto Twitter. Fake accounts pose as crypto influencers and try to trap and rob unknowing followers through, for example, rogue links. In this way, 108 million dollars has already been stolen by scammers this year.

As said, the irony of the whole story is great. Meta launches Threads after Twitter takes a measure to combat malpractice. However, Mark Zuckerberg’s Meta seems to have taken little precaution to prevent such practices. It only seems to want to capitalize on the gap in the market that Twitter has created. But solving existing platform-type problems seems out of the question for the tech giant.

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