Be aware of coin fraud with social media redirection !
Social Media Specialists warn about fraudulent activities on cryptocurrency exchanges and alt coins in recent years.
Stating that social media platforms, especially Twitter, are open to manipulation, deformation and disinformation social media experts warn about coin fraud. Recently, a data was shared by EGM. According to the data of the General Directorate of Security, 23% of the 145 million tweets shared on Twitter were sent from bot accounts. Different manipulation techniques are used on Twitter besides bot accounts.
Be aware of coin fraud with social media redirection !
Twitter has now turned into a tool for cryptocurrency fraudsters. Evaluations that any coin will rise or lose value on Twitter suddenly come to the fore. People are directed from here to buy or sell altcoins. Twitter is an open channel for manipulations.
They use popular accounts
Scammers mostly use popular accounts. These accounts already appeal to millions of Twitter users. In some cases, they directly use them to grow new accounts and consolidate large audiences. These scammers dominate the market completely. They have information about which coin will rise and when. Therefore, they create manipulation when it is high and direct users to buy that coin. Then they make an unfair profit by buying them again at low prices. At this point, it is possible to see some coins even fall by 10,000%.
What experts suggest to investors is to speed up the learning process and gain knowledge about cryptocurrency exchanges. In addition, financial literacy is another pillar of this business.
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