Financial and Business News

Twitter War On Crypto? Top Crypto Influencers Suspended

Wednesday, 10/03/2021 | 09:42 GMT by Arnab Shome
  • Two accounts were restored, while the rest remained suspended.
Twitter War On Crypto? Top Crypto Influencers Suspended
Photo: Bloomberg

Twitter, a popular platform among crypto influencers and analysts, has suspended at least seven accounts related to Cryptocurrencies with hundreds of thousands of followers each.

Though the real number of suspended accounts is not known, the social media platform has suspended top accounts, including @woonomic, @100trillionUSD, @mmcrypto, @wsbchairman, @themooncarl, @TheCryptoDog and @KoroushAK.

"Account suspended," is flashing on these suspended accounts. “Twitter suspends accounts which violate the Twitter Rules.”

As of press time, @woonomic, which is the account of Willy Woo, a Bitcoin on-chain analyst with over 325.5K followers, and PlanB’s handle @100trillionUSD, which posts a BTC stock-to-flow model, were restored, but the rest remained suspended.

A Deliberate Move or a Mistake?

According to Woo, his Twitter account was suspended for around 6 hours before it was restored after raising a request.

“We have systems that find and remove multiple automated spam accounts in bulk, and yours was flagged as spam by mistake. Please note that it may take an hour or so for your follower and following numbers to return to normal,” the social media giant notated in a statement shared with Woo.

Both @woonomic and @100trillionUSD are fully restored now.

Without any official statement from Twitter behind the deliberate or mistaken suspension, many are pointed to the social media platform’s inability to take action against the fake influencer accounts that often try to siphon cryptocurrencies from desperate victims.

Twitter is infamous for sudden account suspensions in many countries, but most of the time those moves were Influenced by political vendettas. The suspension of these crypto influencer accounts is odd given Jack Dorsey’s endorsement of Bitcoin.

Twitter, a popular platform among crypto influencers and analysts, has suspended at least seven accounts related to Cryptocurrencies with hundreds of thousands of followers each.

Though the real number of suspended accounts is not known, the social media platform has suspended top accounts, including @woonomic, @100trillionUSD, @mmcrypto, @wsbchairman, @themooncarl, @TheCryptoDog and @KoroushAK.

"Account suspended," is flashing on these suspended accounts. “Twitter suspends accounts which violate the Twitter Rules.”

As of press time, @woonomic, which is the account of Willy Woo, a Bitcoin on-chain analyst with over 325.5K followers, and PlanB’s handle @100trillionUSD, which posts a BTC stock-to-flow model, were restored, but the rest remained suspended.

A Deliberate Move or a Mistake?

According to Woo, his Twitter account was suspended for around 6 hours before it was restored after raising a request.

“We have systems that find and remove multiple automated spam accounts in bulk, and yours was flagged as spam by mistake. Please note that it may take an hour or so for your follower and following numbers to return to normal,” the social media giant notated in a statement shared with Woo.

Both @woonomic and @100trillionUSD are fully restored now.

Without any official statement from Twitter behind the deliberate or mistaken suspension, many are pointed to the social media platform’s inability to take action against the fake influencer accounts that often try to siphon cryptocurrencies from desperate victims.

Twitter is infamous for sudden account suspensions in many countries, but most of the time those moves were Influenced by political vendettas. The suspension of these crypto influencer accounts is odd given Jack Dorsey’s endorsement of Bitcoin.

About the Author: Arnab Shome
Arnab Shome
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Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. Executive interviews Education: Bachelor of Technology - National Institute of Technology, Agartala (India)

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