Twitter is working towards blocking Cryptocurrency scams

Twitter is working towards fixing the recent series of cryptocurrency scams on its platform.

    Cryptocurrency has been a hot topic for quite some time now, with recent falls in its value and cyrptojacking, the digital coins are stealing the stage every now and them. Now as per some reports from the Beebom, Twitter's CEO Jack Dorsey has recently made a revelation that the company is working towards fixing the recent series of cryptocurrency scams on its platform. Further replying to a tweet from Emin Siren, who is a professor at Cornell University, who had highlighted another similar scam and Dorsey, was heard commenting "We are on it"

    Twitter is working towards blocking Cryptocurrency scams


    The report further states that last month they reported on two major scams on Twitter, one of which involved hijacked verified Twitter accounts and the other which made use of duplicate accounts of prominent individuals in the cryptocurrency space. Dorsey has not made any comment regarding the fix; Twitter, on the other hand, is expected to release some more information on this. We would also like to know what all measures are the social networking platforms taking to prevent cryptocurrency related scams and providing a more secure environment for a user to work on.

    In one of our earlier articles, we had mentioned how Google's video service platform YouTube became a victim of cryptojacking. It was reported that some bad actors were inserting a piece of JavaScript into websites and advertisements on the YouTube network for cryptocurrency information.

    Motorola Moto G4 Plus Highlighted Features

    Some users on social media began complaining that YouTube ads were stirring their antivirus software up. A script from a service called CoinHive was being specifically recognized by the antivirus software. The main agenda of the attackers behind this attack was to allow sites to make some extra income using a visitor's CPU processing power for mining Monero which is a type of cryptocurrency. You can read the full story here.

    Twitter is working towards blocking Cryptocurrency scams


    For more technology related news stay tuned with Gizbot.

    Read More About: cryptocurrency Twitter news latest
    Opinion Poll

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more