Researchers Find Over 15K Twitter Bots Pushing Cryptocurrency Scams • Live Bitcoin News

Duo Security researchers have found over 15,000 Twitter bots being used to push cryptocurrency scams.

Scams have been around since the dawn of man. I was exposed to scams in my youth through the various ads in the back of comic books. All kinds of wondrous toys and other items were dangled in front of eager kids, but the reality is that the item ordered often did not live up to expectations. (Case in point is the infamous Sea-Monkeys promotion.) Now social media is allowing scams to have greater reach and an ease of launching, especially when it comes to cryptocurrency and Twitter.

Twitter Bots Everywhere

The Twitter social media platform is an important place for cryptocurrency movers, shakers, and enthusiasts. Flames are thrown, plans for new coins and ICOs are announced, and discussions over regulations, hard forks, and current prices are easily found. However, cryptocurrency scams also abound on the platform.

Researchers from Duo Security combed through all the social media…