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Twitter working to fix cryptocurrency scam issue

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  8 March 2018 12:00 AM GMT

San Francisco, March 7: As the issue of copying verified Twitter accounts to trick cryptocurrency users is becoming increasingly prevalent, the microblogging company has said that it is working to curb these copycat handles. Company CEO Jack Dorsey on Tuesday replied to a tweet that complained about the ongoing cryptocurrecny scam on Twitter in which several users have been tricked and their digital assests stolen. “We are on it,” Dorsey replied to a user who questioned the CEO if the company was taking note of it, Coindesk.com reported. On February 26, Dorsey had said that his company was aware of the issue and they “are fixing” the problem.

Several users have been complaining about being duped on Twitter by fraudulent offers that promise huge amount of Ether cryptocurrency in return of small initial deposits. These offers are being made by accounts that mimic well-known industry members and have a “blue tick” (verified account). As a preventive measure, Twitter had banned several accounts, including the support team for cryptocurrency exchange Kraken despite they tried to warn others about the scam. On Tuesday, the ban on Kraken’s customer support handle was lifted.

“Good news, guys! @krakensupport is back! Strange that our initial appeal was also apparently handled by an automated system. Thank you all for your public outrage. Stay vigilant,” it announced. (IANS)

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