Cryptocurrencies

Twitter Says It Is Implementing Measures to Prevent Crypto Scams

  • Company says it is aware of cryptocurrency "manipulation"
  • Facebook Inc. recently banned ads tied to cryptocurrencies

Photographer: Andrew Harrer/Bloomberg

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Twitter Inc. is attempting to halt alleged cryptocurrency-related scams spreading via its platform, joining fellow social media companies in striving to cut down on harmful content.

Twitter is aware of cryptocurrency-related "manipulation," and is implementing measures to "prevent these types of accounts from engaging with others in a deceptive manner," a spokesman told Bloomberg, declining to elaborate further.