LinkedIn, often thought of as a tamer social platform, is not immune to inauthentic behavior, which experts say can be hard to detect and is often perpetrated by sophisticated and adaptable bad actors.

But bots aren’t just a challenge for Twitter. This takeover has been accepted very well by the blockchain community as this could possibly lead to various developments between Twitter and the blockchain community.Įlon Musk has also expressed his interest in bringing in crypto payment rails on Twitter.In recent months, bots have been top of mind for many who track the social media industry, thanks to Elon Musk’s attempt to use the prevalence of fake and spam accounts to get out of his $44 billion deal to buy Twitter. Twitter had also mentioned that previously suspended accounts would be restored, which included US President Donald Trump’s account too. Zhao had stated, “If Elon goes through with the deal we’re committed… if he doesn’t, we’re off.” Binance also wanted to contribute to Twitter in any manner only if Elon Musk took over.Įlon Musk took control of Twitter and decided to immediately lay off four of the company’s top executives, which included the then CEO, Parag Agrawal. He also mentioned that it would be disappointing if the takeover did not happen. Related Reading: Dogecoin (DOGE) Whales Are Preparing For Elon Musk’s Twitter Takeover Not The First Time Binance Expressed Interest In Elon Musk’s Twitter BuyoutĮarlier this year, Binance had offered to pay $500 million in order to help Musk acquire the social media platform. We are in the early stages now and still figuring out a plan. For example, how can we build on-chain solutions to address some of Twitter’s issues, such as the proliferation of bot accounts in recent years. The accounts had the “blue check” badges, which are supposed to authenticate and verify an account.īinance is creating an internal team to focus on ways that blockchain and crypto could be helpful to Twitter and actively brainstorming plans and strategies that could help Elon Musk realize his vision. These bots have also impersonated both Elon Musk and Changpeng Zhao, the CEO of Binance’s accounts. This team will address many issues that are pertaining to the crypto integration into the social media platform, and a part of that includes tackling these spam bots.Ĭrypto bots have particularly raised a lot of issues in the recent past. This is also why Binance will be dedicating an entire team to looking after the current issues caused by Twitter bots. This new move by Binance targets turning the social media giant, Twitter, into a crypto-friendly platform. Twitter Is Aiming At Turning Crypto-Friendly This news was confirmed through a tweet by the CEO of Binance, Changpeng Zhao.

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