Twitter, a social media platform popular among digital asset influencers and analysts, has suspended several popular crypto-focused accounts over the past few hours.
Thus far, the social media giant has suspended at least seven highly-popular accounts renowned in the crypto trading circles for sharing trading tips and analysis.
Among the currently inaccessible accounts include those run by crypto influencers such as @TheCryptoDog, @mmcrypto, @wsbchairman, @KoroushAK and @themooncarl. Most of these accounts have managed to build substantial followings in the crypto community over the last few years.
Twitter attributed the abrupt suspensions to a mass operation carried out on multiple accounts found guilty of spam. However, Crypto Twitter will likely view this latest purge as a renewed war on crypto by big tech platforms and might prompt users to seek other decentralized social media.
Indeed, the Jack-Dorsey led social platform is infamous for its efforts to stifle digital asset proponents’ views in many countries. In April of 2020, some influential members of the crypto community accused Twitter of “shadow-banning” their crypto-related posts by limiting their reach and impressions online.
Following successful appeals, the accounts of PlanB (@100trillionUSD) and Willy Woo (@woonomic) have been restored. The other accounts are still suspended as of this article’s writing.
Crypto Accounts Ban May Have Been Erroneous
Twitter has long tried to protect its users from the high volume of scammers on the online platform. For instance, well-known crypto-related accounts like @KoroushAK have many clone accounts aiming to siphon digital funds from unsuspecting users.
Unfortunately, the social platform’s crackdown on bitcoin and crypto scams is often handled by automated bots that can make mistakes, flagging authentic accounts in the process.
One Twitter user remarked that the suspension might have resulted from Twitter tinkering with its algorithm that detects fake accounts.
“Twitter could have some failure of a new impersonation detection algo and flagged the original accounts or something like that,” the Twitter user suggested.
It is, therefore, likely that the ban wasn’t explicitly aimed at crypto accounts, especially because many other accounts that aren’t related to cryptocurrencies were also affected. Moreover, only a few famous crypto accounts actually fell victim to the ban.
Preventing Future Shutdowns of Authentic Accounts
Willy Woo shared a response from Twitter regarding the serial shutdown, in which the social media platform admitted to having flagged his account by mistake.
Shortly after Twitter restored his account, crypto influencer PlanB suggested that the social media team utilize the blue tick of verified accounts to fix the root of the problem.
“Note that victims of scammers and impersonators think it is us and report the real accounts. @Twitter @TwitterSupport @jack a blue “verified” checkmark would solve this and prevent a lot of harm,” he noted.