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Binance Co-Founder Calls on Elon Musk to Tackle Cryptocurrency Scams on X.com

Jun 16, 2024

 Binance Co-Founder Calls on Elon Musk to Tackle Cryptocurrency Scams on X.com
 Binance Co-Founder Calls on Elon Musk to Tackle Cryptocurrency Scams on X.com
 Binance Co-Founder Calls on Elon Musk to Tackle Cryptocurrency Scams on X.com

Binance co-founder Yi He has publicly urged Elon Musk to address the prevalence of cryptocurrency scams on X.com, citing significant losses incurred by users due to impersonation scams. Yi He highlighted instances where users were deceived into clicking on links promising access to Binance-backed memecoins, resulting in financial losses. She emphasised that no such coins exist and expressed concern over the platform's vulnerability to scams, noting that impersonation accounts are a major driver of crypto-related fraud on X.com. Despite Musk's previous statements about addressing spam and bot issues on the platform, there has been no specific response from him regarding cryptocurrency scams as of the latest reports.