There is a massive problem on X that is occurring post Musk purchase that is hurting Crypto adoption

There has always been bot problems on twitter in the crypto / web3 space.

This new scam is being used and flying under the radar of detection (or is it, more on this in a minute)

The scam involves old accounts that have been hacked, most likely bought from a hacker group selling accounts. These are purposely aged accounts. What the scammer group does is use these accounts in mass to scam unsuspecting clickers that are new to the crypto space. I’ve seen attacks using NFT drop teases, meme coin promotions, airdrop tactics, even stable coin scams. And of course, it links to a malicious site that wants you to connect your wallet and drains your assets.

Ok so you’re probably like, no shit, this has been happening forever at this point, here is the kicker….

With the new X changes Musk implemented, the group is using aged, hacked accounts to bypass detection and are PAYING for X Ads and PAYING for X verification to get their tweets promoted, hitting hundred of thousands of views and certainly fooling those new to the space.

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Paid Ad Scam on X - Do Not Go to any links

And I think (opinion, not fact based) X knows this is occurring but is ALLOWING it to occur due to the ad revenue they are generating from the scam group. It’s either that or Musk clearly doesn’t know enough about what is happening in the crypto space on his own platform (I can’t kick the fact that Musk felt like explaining to Joe Rogan that NFT images aren’t inscribed on the blockchain)

Think about the morality of this scam and the platform that is allowing it to occur on:

Scammed funds are being used to purchase Verification and Ads, to scam more. It succeeds and the group simply uses bots to keep doing it. In a way you can argue that they are laundering their money back into Elons pockets. Uh oh…

These attacks are happening in mass on X daily. I see at least 5-6 daily on my timeline (my account obviously has the algo for it due to my activity). Always aged, always verified and always posted with comments turned off. Bot army’s are sent in for the likes (which further bumps them up the algorithm on X)

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Paid Ad Scam on X - Do Not Go to any links

Elon has always admitted that bots are a problem but this one is a clear but most likely complicated fix, that is, if they want to fix it in the first place.

Here is an example of the scam tweet. (I can only post one on this sub but there are a million examples I can share in comments)

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Paid Ad Scam on X - Do Not Go to any links

Thanks for reading, stay safe out there.

Edit: Had to repost, looks like images are not allowed, will share in comments

Edit 2: Just got back to PC, added inline pics of the posts on X.