6 Outrageous Moments In Crypto Twitter Scam History

Published on by Coindesk | Published on

Perhaps nowhere else within the cryptocurrency space have scammers become more frustrating than on crypto Twitter.

Crypto aficionados of all kinds - not just the most prominent founders, but also low-profile developers and newly announced ICO issuers and nearly everyone in between - wake up every morning, scouring their Twitter accounts and reporting the abuse to the social networking giant.

Recently, South African crypto exchange, iceCUBED, tweeted out a list of crypto notables for what has become known as "Follow Fridays" - whereby a user tweets out people that their followers should follow.

Whereas the real Dennis Parker's bio just says, "Bitcoin Maximalist," the scam account says, "Foodie, Editor, Water Protector, Wine Connoisseur, Unwashed Mass. I own 25 hoolahoops."

"My scam accounts are getting personal."

Most people in the crypto scene know Neeraj Agrawal, the communication lead at Washington D.C.-based lobbying group Coin Center and also a meme god on crypto Twitter.

As mentioned above, many of the most acclaimed people in the cryptocurrency space deal with insane amounts of scam accounts.

Case in point, Charlie Shrem, the founder of now-defunct early bitcoin exchange BitInstant and now an adviser for several blockchain projects, tweeted recently about all the scam accounts under his name.

While these impersonators have become a scourge on crypto Twitter, some have taken to joking about how having a scammer impersonate them is a way to display that they're popular.

"Fuck blue checks. Having a scam account is the free market signalling you're a somebody on Crypto Twitter!".

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