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Breaking News: MNT Surges Amidst Rising Adoption
MNT, the native cryptocurrency of the Metal Pay network, has seen a significant 12% price surge in the past 24 hours, reaching a high of $0.0476. This upswing comes on the heels of Metal Pay announcing its partnership with popular social media platform Twitter, allowing users to tip content creators in MNT.
The integration with Twitter is expected to increase MNT's exposure to a vast user base, fueling further adoption and potentially driving the price upwards. With its growing user base and expanding partnerships, MNT is an exciting project to keep an eye on in the crypto space.
#Crypto #MNT #MetalPay #Twitter #Partnership
MNT, the native cryptocurrency of the Metal Pay network, has seen a significant 12% price surge in the past 24 hours, reaching a high of $0.0476. This upswing comes on the heels of Metal Pay announcing its partnership with popular social media platform Twitter, allowing users to tip content creators in MNT.
The integration with Twitter is expected to increase MNT's exposure to a vast user base, fueling further adoption and potentially driving the price upwards. With its growing user base and expanding partnerships, MNT is an exciting project to keep an eye on in the crypto space.
#Crypto #MNT #MetalPay #Twitter #Partnership
$BTC SOCIAL REACH THREATENED BY X PLATFORM TECHNICAL ISSUES ๐ฅ
On-chain sleuth ZachXBT reports multiple bugs during X's shift to XChat, plus a search reliability drop. More critically, the algorithm now bottlenecks crypto content, limiting its visibility beyond the niche.
This means potential dampening of viral momentum for Bitcoin narratives โ less retail inflow through social channels. Volume and trend signals from social metrics may lag as a result.
How are you adjusting your on-chain or sentiment analysis tools for this shift?
Not financial advice. Always manage your risk.
#BTC #Crypto #Twitter #Algorithm #SocialSentiment
๐ฅ
On-chain sleuth ZachXBT reports multiple bugs during X's shift to XChat, plus a search reliability drop. More critically, the algorithm now bottlenecks crypto content, limiting its visibility beyond the niche.
This means potential dampening of viral momentum for Bitcoin narratives โ less retail inflow through social channels. Volume and trend signals from social metrics may lag as a result.
How are you adjusting your on-chain or sentiment analysis tools for this shift?
Not financial advice. Always manage your risk.
#BTC #Crypto #Twitter #Algorithm #SocialSentiment
๐ฅ
๐ป๐ช Google explains how its earthquake alerts work on Android. After the devastating double earthquake that struck central-northern Venezuela last Wednesday, June 24, Google published a thread on X explaining that the phone includes a sensor that detects the first seismic waves. When many phones in the same area register that movement at the same time, the data is analyzed anonymously to confirm the event, calculate its location and magnitude, and send the notification to people who may be affected.
๐ Strategyโs stock price fell below the value of its bitcoin reserves, recording unrealized losses. Analysts are debating whether this circular model will withstand the market downturn or if itโs an opportunity to enter at a discount.
#bolsa #BTC #Google #venezuela #Twitter $BTC $MSTRB $GOOGL
๐ Strategyโs stock price fell below the value of its bitcoin reserves, recording unrealized losses. Analysts are debating whether this circular model will withstand the market downturn or if itโs an opportunity to enter at a discount.
#bolsa #BTC #Google #venezuela #Twitter $BTC $MSTRB $GOOGL
WE TRACK MARKET IN REAL NEWS
#HormuzOilFlowsDespiteIranClaim #CrudeFuturesSink #news_update #DonaldTrump #Twitter
$BTC $TSLAB $ETH
#HormuzOilFlowsDespiteIranClaim #CrudeFuturesSink #news_update #DonaldTrump #Twitter
$BTC $TSLAB $ETH
๐ The $44 Billion Question: What Did Elon Musk Give Up to Buy Twitter?
When Elon Musk acquired Twitter (now X) for $44 billion, he wasnโt just making a purchase he was making a massive capital allocation decision. Looking back today, the opportunity cost of that decision is becoming one of the most fascinating financial comparisons in recent history.
If that same $44 billion had been placed into gold instead, it would reportedly be worth around $114.4 billion today. A similar investment in silver would have grown even more dramatically to approximately $158.2 billion. On the opposite end of the spectrum, parking the funds in the Turkish Lira would have been disastrous, shrinking the value to roughly $17.7 billion due to the currencyโs steep depreciation over the period.
The most eye-opening comparison, however, is SpaceX. Based on recent private-market valuations, a hypothetical $44 billion investment into SpaceX could now be worth an estimated $675โ728 billion. That means the capital used to purchase Twitter may have had the potential to multiply into one of the largest wealth-creation events in modern business history if deployed into the company Musk was already building.
Of course, opportunity cost calculations look obvious in hindsight. The Twitter acquisition was never purely a financial investment it involved influence, communication infrastructure, AI ambitions, payments, and Muskโs broader vision for transforming X into an โeverything app.โ Whether that vision ultimately creates value that rivals what could have been achieved elsewhere remains one of the biggest unanswered questions in technology and business.
The numbers themselves are remarkable. A $44 billion decision can be measured not only by what was purchased, but also by what was potentially sacrificed. And in this case, the gap between those outcomes reaches hundreds of billions of dollars, highlighting how a single strategic choice can reshape the trajectory of wealth creation.$SPACE
$SPCXB
#ElonMusk #SpaceX #X #Twitter #TradebStocks
When Elon Musk acquired Twitter (now X) for $44 billion, he wasnโt just making a purchase he was making a massive capital allocation decision. Looking back today, the opportunity cost of that decision is becoming one of the most fascinating financial comparisons in recent history.
If that same $44 billion had been placed into gold instead, it would reportedly be worth around $114.4 billion today. A similar investment in silver would have grown even more dramatically to approximately $158.2 billion. On the opposite end of the spectrum, parking the funds in the Turkish Lira would have been disastrous, shrinking the value to roughly $17.7 billion due to the currencyโs steep depreciation over the period.
The most eye-opening comparison, however, is SpaceX. Based on recent private-market valuations, a hypothetical $44 billion investment into SpaceX could now be worth an estimated $675โ728 billion. That means the capital used to purchase Twitter may have had the potential to multiply into one of the largest wealth-creation events in modern business history if deployed into the company Musk was already building.
Of course, opportunity cost calculations look obvious in hindsight. The Twitter acquisition was never purely a financial investment it involved influence, communication infrastructure, AI ambitions, payments, and Muskโs broader vision for transforming X into an โeverything app.โ Whether that vision ultimately creates value that rivals what could have been achieved elsewhere remains one of the biggest unanswered questions in technology and business.
The numbers themselves are remarkable. A $44 billion decision can be measured not only by what was purchased, but also by what was potentially sacrificed. And in this case, the gap between those outcomes reaches hundreds of billions of dollars, highlighting how a single strategic choice can reshape the trajectory of wealth creation.$SPACE
$SPCXB
#ElonMusk #SpaceX #X #Twitter #TradebStocks
๐ Only in #crypto ...
A guy agreed to tattoo "Bountywork" on his forehead for $2,400. Unfortunately, the artist missed the letter N, leaving him with "BOUTYWORK" permanently stamped on his face.
The project took one look and said: "Sorry, that's the wrong ticker." No payment. No second chances. Just a lifetime reminder to proofread before hitting "confirm."
But crypto #Twitter had other plans.
Someone launched a #memecoin called BOUTYWORK (yes, with the typo), and the token briefly surged to an $820,000 market cap. The forehead influencer ended up earning around $15,000 from #trading fees tied to the token.
Moral of the story:
โ Wrong tattoo = no payout
โ Wrong tattoo + memecoin = 6x payout
In crypto, even spelling mistakes can become a business model. ๐๐
#TradebStocks @WISE PUMPS
A guy agreed to tattoo "Bountywork" on his forehead for $2,400. Unfortunately, the artist missed the letter N, leaving him with "BOUTYWORK" permanently stamped on his face.
The project took one look and said: "Sorry, that's the wrong ticker." No payment. No second chances. Just a lifetime reminder to proofread before hitting "confirm."
But crypto #Twitter had other plans.
Someone launched a #memecoin called BOUTYWORK (yes, with the typo), and the token briefly surged to an $820,000 market cap. The forehead influencer ended up earning around $15,000 from #trading fees tied to the token.
Moral of the story:
โ Wrong tattoo = no payout
โ Wrong tattoo + memecoin = 6x payout
In crypto, even spelling mistakes can become a business model. ๐๐
#TradebStocks @WISE PUMPS
Partly True
๐จ๐ฅ $2 TRILLION WIPED OUT IN JUST 2 HOURS... NO JOKE, WHAT A SHAKEUP ๐ณ๐๐ฅ
๐ Pay attention, because this isn't just any ordinary dip
follow me so you don't miss anything that's coming up
US markets have reportedly lost nearly $2 trillion in value in just two hours ๐
๐ฅ Major wipeout
๐ฅ Huge scare
๐ฅ Tremendous volatility
And all this is happening while geopolitical tensions continue to rise and the market tries to figure out what's next ๐โ ๏ธ
๐ง What many are missing is that when such absurd amounts of money disappear in such a short time, it's usually not the small investor causing the movement
๐ณ It's funds
๐ณ Algorithms
๐ณ Leveraged positions
๐ณ Risk managers reducing exposure
And when the cascade liquidations begin, the snowball effect does the rest ๐
๐ Stocks are dropping
๐ Indices are falling
๐ Fear is escalating
๐ And the media starts amplifying the panic
Meanwhile, #BTC continues to fight its own battle within the liquidity zones we've been monitoring for days ๐
๐ฅ The curious thing is that major floors often emerge precisely when fear is at its peak
When no one wants to buy
When everyone believes something worse is coming
And when #Twitter is filled with apocalyptic messages ๐
๐ณ For now, the market is in survival mode and any headline can trigger violent moves in either direction
๐ The real question is:
๐ Are we witnessing just a simple liquidity shake?
๐ฅ Or is a much larger correction in traditional markets just beginning? ๐๐๐ณ๐ฐ๐ณ
๐ Pay attention, because this isn't just any ordinary dip
follow me so you don't miss anything that's coming up
US markets have reportedly lost nearly $2 trillion in value in just two hours ๐
๐ฅ Major wipeout
๐ฅ Huge scare
๐ฅ Tremendous volatility
And all this is happening while geopolitical tensions continue to rise and the market tries to figure out what's next ๐โ ๏ธ
๐ง What many are missing is that when such absurd amounts of money disappear in such a short time, it's usually not the small investor causing the movement
๐ณ It's funds
๐ณ Algorithms
๐ณ Leveraged positions
๐ณ Risk managers reducing exposure
And when the cascade liquidations begin, the snowball effect does the rest ๐
๐ Stocks are dropping
๐ Indices are falling
๐ Fear is escalating
๐ And the media starts amplifying the panic
Meanwhile, #BTC continues to fight its own battle within the liquidity zones we've been monitoring for days ๐
๐ฅ The curious thing is that major floors often emerge precisely when fear is at its peak
When no one wants to buy
When everyone believes something worse is coming
And when #Twitter is filled with apocalyptic messages ๐
๐ณ For now, the market is in survival mode and any headline can trigger violent moves in either direction
๐ The real question is:
๐ Are we witnessing just a simple liquidity shake?
๐ฅ Or is a much larger correction in traditional markets just beginning? ๐๐๐ณ๐ฐ๐ณ
๐ฃ #ETH "The vibe on Twitter is super negative, but when it comes to tech adoption, we're basically at the best moment in history," says Hayden Adams at ETH Conf.
๐ฃ #ETH "Cryptos are way more than just a niche product for a few traders. Almost every country is gonna use them; they just wonโt realize theyโre using them," stated Nemi Dalal from Y Combinator at ETH Conf.
#InvestSmart #Inversiones #ballenas #analysis #Twitter $ETH
๐ฃ #ETH "Cryptos are way more than just a niche product for a few traders. Almost every country is gonna use them; they just wonโt realize theyโre using them," stated Nemi Dalal from Y Combinator at ETH Conf.
#InvestSmart #Inversiones #ballenas #analysis #Twitter $ETH
๐จ BTC IS SHOWING WHERE THE TRUE FLOOR COULD BE ๐๐ณ
๐ฅ Keep an eye out because things are getting pretty interesting and the market makers have already started making their moves.
Follow me for more info.
The image shows a liquidation map with leverage between 3x and 25x where it's clear that the biggest concentration of liquidity is below the current price ๐
๐ What does that mean?
The levels with the most liquidity appear around:
๐ฐ 53.1k ๐ฐ 50.3k ๐ฐ 44.2k
And those zones align with several levels that many have been watching for months:
๐ข 53k โ close to the realized price of $BTC and very close to cost of production estimates.
๐ข 50k โ a massive psychological level where some serious buyers are likely to step in.
๐ข 44k-47k โ extreme fear zone where about #Twitter would say that #BTC died again ๐ญ
๐ณ What many aren't seeing is that market makers often drive the price towards where the liquidity is.
That's why so many people have been talking about the 50k-53k zone for weeks.
Plus, the 300WMA is hovering around those levels and in previous cycles, thatโs where BTC found its floor after the harshest shakeouts.
๐ณ Right now, BTC has already cleaned up a large part of the liquidity that was above and has also swept a good chunk of what was near 60k.
The question is whether they've done enough cleaning or if they still want to take out the remaining orders that are lower.
๐ฅ If there's one thing I've learned watching #crypto over the years, it's that when everyone panics, it's usually when the best opportunities start.
And no joke, if BTC hits 53k or even the 47k zone, many will be saying it's over while others will be accumulating like crazy ๐ณ๐ฐ
๐ Do you think the bottom is close to 53k or is there still one last shakeout towards 47k? ๐๐๐ฅ
๐ฅ Keep an eye out because things are getting pretty interesting and the market makers have already started making their moves.
Follow me for more info.
The image shows a liquidation map with leverage between 3x and 25x where it's clear that the biggest concentration of liquidity is below the current price ๐
๐ What does that mean?
The levels with the most liquidity appear around:
๐ฐ 53.1k ๐ฐ 50.3k ๐ฐ 44.2k
And those zones align with several levels that many have been watching for months:
๐ข 53k โ close to the realized price of $BTC and very close to cost of production estimates.
๐ข 50k โ a massive psychological level where some serious buyers are likely to step in.
๐ข 44k-47k โ extreme fear zone where about #Twitter would say that #BTC died again ๐ญ
๐ณ What many aren't seeing is that market makers often drive the price towards where the liquidity is.
That's why so many people have been talking about the 50k-53k zone for weeks.
Plus, the 300WMA is hovering around those levels and in previous cycles, thatโs where BTC found its floor after the harshest shakeouts.
๐ณ Right now, BTC has already cleaned up a large part of the liquidity that was above and has also swept a good chunk of what was near 60k.
The question is whether they've done enough cleaning or if they still want to take out the remaining orders that are lower.
๐ฅ If there's one thing I've learned watching #crypto over the years, it's that when everyone panics, it's usually when the best opportunities start.
And no joke, if BTC hits 53k or even the 47k zone, many will be saying it's over while others will be accumulating like crazy ๐ณ๐ฐ
๐ Do you think the bottom is close to 53k or is there still one last shakeout towards 47k? ๐๐๐ฅ
๐จ THE WHALES HAVE SHOWN THEIR CARDS ๐๐ฅ
๐ Pay attention, mate, because while #Twitter #crypto is saying that $BTC is done, the whales seem to be thinking totally differently.
Follow me to stay informed.
The image shows a crazy amount of buy orders between 59k and 50k ๐ฐ
And weโre not talking about crumbs...
Weโre talking about millions of dollars waiting to be executed if the price drops again ๐ณ
๐ The zones with the most interest are:
โข 59k โข 58k โข 57k โข 55k โข 54k โข 50k
Now listen, this doesnโt mean that #BTC canโt drop further.
The market makers are specialists at catching people off guard ๐
But it does show us where the big players are willing to put in cash.
๐ฅ The most interesting thing is that they already swept the liquidity from February at 59.7k, and as soon as they touched that zone, buyers appeared like crazy.
That explains why BTC managed to bounce back up to 61k-62k.
And here comes the thing that many are not seeing...
๐ The zone between 53k and 61k coincides with several important historical levels:
โ 200WMA around 61k
โ 300WMA around 54k
โ Realized price around 53k
โ Zone where extreme fear historically appears
And we already know how this market works ๐
When BTC hits those zones, the same old crowd will come out saying:
๐ญ BTC is dead
๐ญ BlackRock sold
๐ญ Strategy sold
๐ญ Aliens sold
๐ญ The cycle is over
Meanwhile, the whales are filling their pockets and people are panic selling.
๐ณ Damn, weโve seen this movie several times before.
For now, what I see is that they already gave a massive shake to the leveraged longs and cleared out a lot of liquidity.
Now itโs time to see if BTC recovers to 63k-64k or if they gift us another sweep towards the 54k-58k zone.
๐ฅ What do you think, mate? Have we seen the bottom, or are they going to leave everyone watching the fireworks with one last sweep before the big bounce? ๐๐๐
๐ Pay attention, mate, because while #Twitter #crypto is saying that $BTC is done, the whales seem to be thinking totally differently.
Follow me to stay informed.
The image shows a crazy amount of buy orders between 59k and 50k ๐ฐ
And weโre not talking about crumbs...
Weโre talking about millions of dollars waiting to be executed if the price drops again ๐ณ
๐ The zones with the most interest are:
โข 59k โข 58k โข 57k โข 55k โข 54k โข 50k
Now listen, this doesnโt mean that #BTC canโt drop further.
The market makers are specialists at catching people off guard ๐
But it does show us where the big players are willing to put in cash.
๐ฅ The most interesting thing is that they already swept the liquidity from February at 59.7k, and as soon as they touched that zone, buyers appeared like crazy.
That explains why BTC managed to bounce back up to 61k-62k.
And here comes the thing that many are not seeing...
๐ The zone between 53k and 61k coincides with several important historical levels:
โ 200WMA around 61k
โ 300WMA around 54k
โ Realized price around 53k
โ Zone where extreme fear historically appears
And we already know how this market works ๐
When BTC hits those zones, the same old crowd will come out saying:
๐ญ BTC is dead
๐ญ BlackRock sold
๐ญ Strategy sold
๐ญ Aliens sold
๐ญ The cycle is over
Meanwhile, the whales are filling their pockets and people are panic selling.
๐ณ Damn, weโve seen this movie several times before.
For now, what I see is that they already gave a massive shake to the leveraged longs and cleared out a lot of liquidity.
Now itโs time to see if BTC recovers to 63k-64k or if they gift us another sweep towards the 54k-58k zone.
๐ฅ What do you think, mate? Have we seen the bottom, or are they going to leave everyone watching the fireworks with one last sweep before the big bounce? ๐๐๐
Elon Musk finally coughed up $1.5 million to settle with the SEC, stemming from his failure to disclose timely when buying Twitter stock back in 2022. The payment was made smooth and quick, but that 'refusal to admit fault' stubbornness is still written all over his face.
This move feels all too familiar; for a billionaire, $1.5 million is like getting a parking ticketโjust a way to throw money at a problem. The SEC digging up old issues again shows that while regulatory actions may be delayed, they rarely miss the mark. Weโve seen enough of on-chain rug pulls and exchange dramas, and looking at this traditional market cat-and-mouse game, the logic is the same: rules are just a transaction cost for the big players, while they could spell disaster for smaller projects. As long as your cash flow is strong enough, compliance is just a formality; the lessons from history are that straightforward.
This old trick of 'paying fines for peace of mind'โdo you think the SEC is saving face, or did Musk just pull another win? #SEC #ElonMusk #Twitter $TSLA $DOGE
This move feels all too familiar; for a billionaire, $1.5 million is like getting a parking ticketโjust a way to throw money at a problem. The SEC digging up old issues again shows that while regulatory actions may be delayed, they rarely miss the mark. Weโve seen enough of on-chain rug pulls and exchange dramas, and looking at this traditional market cat-and-mouse game, the logic is the same: rules are just a transaction cost for the big players, while they could spell disaster for smaller projects. As long as your cash flow is strong enough, compliance is just a formality; the lessons from history are that straightforward.
This old trick of 'paying fines for peace of mind'โdo you think the SEC is saving face, or did Musk just pull another win? #SEC #ElonMusk #Twitter $TSLA $DOGE
โก๏ธ NEW: Elon Musk has agreed to pay $1.5 million to settle SEC allegations that he failed to properly disclose his growing Twitter stake in 2022, without admitting to the allegations. #ElonMusk #SEC #Allegations #Twitter
๐ฑA user on X reported the theft of over USD 200,000 from two wallets operated on Ethereum, Base, and BNB Chain. On-chain investigators linked the incident to an actor who allegedly scammed more than 50 victims through compromised private keys.
#X #Twitter #bnb #ETH #Base $BNB $ETH @Cointelegraph @CoinDesk @CoinMarketCap
#X #Twitter #bnb #ETH #Base $BNB $ETH @Cointelegraph @CoinDesk @CoinMarketCap
๐ธ While $ZEC and $HYPE keep tanking, the whale Loracle seems to be in serious trouble. Their long position on $ZEC (10x) has lost over $3.2 million, and their long position on $HYPE (2x) has lost $1.567 million. They're also holding long positions in $NEAR , $TON , $ASTER , and $XMR, with a total loss of $6.65 million.
๐ฅท #ZEC According to market data from Binance, ZEC is trading at $272.79, down 48.4% in the last 24 hours.
CoinGlass data shows that ZEC liquidations totaled $81.91 million over the last 24 hours, including about $70.55 million in long liquidations and $11.36 million in shorts.
Previously, co-founder of B1tM3X Arthur Hayes mentioned on X that he had sold all his ZEC position due to the Orchard Pool exploit. #hack
๐ฃ Jim Cramer says, "stop losing money and go to bed."
๐ Crypto trading activity continues to weaken, with spot trading volume dropping to its lowest monthly level since October 2023.
As activity slows down, liquidity remains concentrated in a small group of exchanges. Gate is among the deepest places in both spot and perpetual futures markets, reinforcing its position as a major hub for large-scale execution.
Institutional liquidity continues to consolidate around a handful of dominant exchanges. link
๐ณ #AAVE After being inactive for 3 years, a whale with 38,554 $ETH ($64.28 million):
- Supplied 20,000 $ETH ($33.28M) to Aave V3
- Borrowed $30M $USDT
- Bought 17,826 $ETH at $1,683 (loop loan)
- Now holds 56,380 $ETH ($94.04 million)
The whale is likely to scoop up more ETH.
#HackerAlert #ballenas #Twitter #crypto
๐ฅท #ZEC According to market data from Binance, ZEC is trading at $272.79, down 48.4% in the last 24 hours.
CoinGlass data shows that ZEC liquidations totaled $81.91 million over the last 24 hours, including about $70.55 million in long liquidations and $11.36 million in shorts.
Previously, co-founder of B1tM3X Arthur Hayes mentioned on X that he had sold all his ZEC position due to the Orchard Pool exploit. #hack
๐ฃ Jim Cramer says, "stop losing money and go to bed."
๐ Crypto trading activity continues to weaken, with spot trading volume dropping to its lowest monthly level since October 2023.
As activity slows down, liquidity remains concentrated in a small group of exchanges. Gate is among the deepest places in both spot and perpetual futures markets, reinforcing its position as a major hub for large-scale execution.
Institutional liquidity continues to consolidate around a handful of dominant exchanges. link
๐ณ #AAVE After being inactive for 3 years, a whale with 38,554 $ETH ($64.28 million):
- Supplied 20,000 $ETH ($33.28M) to Aave V3
- Borrowed $30M $USDT
- Bought 17,826 $ETH at $1,683 (loop loan)
- Now holds 56,380 $ETH ($94.04 million)
The whale is likely to scoop up more ETH.
#HackerAlert #ballenas #Twitter #crypto
X files a lawsuit against a crypto scam network for bribery to restore accounts
Social media platform X (formerly #Twitter ) has just announced it will take legal action against a group of locked accounts, including several crypto scammers, who attempted to bribe company employees to regain access.
According to X, these accounts are not only involved in cryptocurrency fraud but are also linked to a larger criminal network. The company emphasizes it is cooperating with law enforcement to thoroughly address the matter.
In the announcement, X stated that the scammers used "intermediaries" to bribe employees in order to restore accounts that had previously been suspended for #scam and manipulate the platform. This group also operates on several other platforms such as Instagram, TikTok, YouTube, Minecraft, and Roblox.
Notably, the FBI has previously warned about a cybercriminal group called "The Com," mostly composed of teenagers, who are increasing their sophistication in hiding their identities, laundering money, and committing cybercrime.
X is no stranger to crypto scams: from the mass hacking of celebrity accounts in 2020 to promote scam $BTC , to the takeover of corporate and famous athlete accounts to promote token on $SOL last year.
๐ This incident once again highlights the close connection between social media and crypto scam tactics, emphasizing the need to tighten cybersecurity to protect users and the digital financial ecosystem.
โ ๏ธ The crypto market carries many risks. Investors should be vigilant against fraudulent activities and safeguard personal information when participating. #anh_ba_cong
Social media platform X (formerly #Twitter ) has just announced it will take legal action against a group of locked accounts, including several crypto scammers, who attempted to bribe company employees to regain access.
According to X, these accounts are not only involved in cryptocurrency fraud but are also linked to a larger criminal network. The company emphasizes it is cooperating with law enforcement to thoroughly address the matter.
In the announcement, X stated that the scammers used "intermediaries" to bribe employees in order to restore accounts that had previously been suspended for #scam and manipulate the platform. This group also operates on several other platforms such as Instagram, TikTok, YouTube, Minecraft, and Roblox.
Notably, the FBI has previously warned about a cybercriminal group called "The Com," mostly composed of teenagers, who are increasing their sophistication in hiding their identities, laundering money, and committing cybercrime.
X is no stranger to crypto scams: from the mass hacking of celebrity accounts in 2020 to promote scam $BTC , to the takeover of corporate and famous athlete accounts to promote token on $SOL last year.
๐ This incident once again highlights the close connection between social media and crypto scam tactics, emphasizing the need to tighten cybersecurity to protect users and the digital financial ecosystem.
โ ๏ธ The crypto market carries many risks. Investors should be vigilant against fraudulent activities and safeguard personal information when participating. #anh_ba_cong
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