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XRP Tip Bot Banned by Twitter. Here's What Happened

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Fri, 01/24/2020 - 17:10
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  • Wietse Wind, the developer of the XRP Tip Bot, has already solved the problem, but the @xrptipbot account remains banned

Cover image via 123rf.com
Contents

XRP Tip Bot, the bot that allows users to send each other micropayments with the third biggest cryptocurrency, has been unexpectedly banned by Twitter. 

The bot's developer, Wietse Wind, tweeted that the @xrptipbot account will not be restored, which riled up some militant members of the #XRPArmy who were quick to express their dissatisfaction with the social media juggernaut. 

Twitter's response breeds more confusion 

Twitter did explain that the reason why this account suddenly got axed was impersonation. According to the company's policy, it is prohibited from pretending to be another entity. 

Ripple
image by @WietseWind

However, Wind appears to be equally baffled by this reply because it is not clear who or what he was impersonating. Meanwhile, he has found numerous bogus accounts that are still up and running despite using his photo and name.

Wietse Wind
image by @WietseWind

XRP Tip Bot works again  

The good news is that Wind has already found a way to circumvent the ban by making some changes to the bot. XRP users are now able to send tweets with the help of the #xrptip hashtag.  

Meanwhile, Twitter is rumored to be developing its own tipping service that will use Bitcoin but there is no official confirmation.   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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