President Donald Trump’s Free Bitcoin Crypto Giveaway is a Scam, Twitter Removes Fake Accounts

In the crypto world we already know that there are several scams, including those that involve other figures in the space. Vitalik Buterin, Charlie Lee and Binance have been ‘giving away crypto’ through fake accounts in Twitter.

But this time, the victim has been Donald J. Trump, U.S. President, as Mashable reported.

One of the different tweets that have been posted by the fake account reads as follows:

“Good news. I decided to make the biggest crypto-giveaway in the world, for all my readers who use Bitcoin or other cryptocurrencies. I’m giving 5000 ETH and 500 BTC to all my readers.”

After it, the account gives two addresses, one for BTC and one for ETH. In order to ‘receive’ the money back, each participant should send some ETH or BTC to the provided address. Of course, if the money is sent to the address, the user will never receive back any sum of money.

Until now, and according to the report, the account has received over 17 Bitcoin, but it is not clear if the address has been used before for other scams or if this is related just with Trump’s account.

Twitter has been struggling with this situation since a very long time and cannot find any solution for these problems. The cryptocurrency community has been protesting about these situations, but until not, there has been no solution.

The most important figures affected were Elon Musk, Vitalik Buterin, Charlie Lee, Binance and its founder Changpeng Zhao.

On August the 1st, Twitter explained:

“We’re aware of this form of manipulation and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner. As part of our continuing efforts to combat spam and malicious activity on our service, we’re testing new measures to challenge accounts that use terms commonly associated with spam campaigns. We are continually referring these detections based on changes in spammy activity.”

Facebook decided to ban cryptocurrency-related advertisements on its platform. Just some important institutions such as Coinbase are able to keep publicizing their services and products. The main intention was to tackle down scams and other fraudulent activities.

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