CZ urges Elon Musk to ban bots on the X social media platform

Binance co-founder Changpeng Zhao (CZ) urged Elon Musk to prohibition bots — automated accounts that spam the societal media tract and are utilized to amplify contented oregon for coordinated attacks — from the X platform.

"If idiosyncratic uses Grok, ChatGPT, oregon DeepSeek to make a tweet and transcript and paste it here, fine, but API posting should beryllium disabled," CZ wrote successful a March 9 X post.

In a abstracted comment, the Binance laminitis differentiated automated societal media bots from AI agents, saying that the second was adjuvant successful real-world applications specified arsenic booking hotels oregon penning codification without having to socialize with them.

Automated bots are a well-documented occupation connected X that spam the tract and are peculiarly progressive successful the crypto sphere of power — plaguing users with scam messages advertizing fake tokens, phishing links to malicious sites, and pump-and-dump schemes.

Source: CZ

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X has a monolithic bot occupation that conscionable won't spell away

The crypto assemblage has been asking Musk to tackle the bot problem since helium bought the level successful 2022. However, small has been done to curb the issue.

Musk has projected respective solutions to automated bots, including asking users to registry a recognition paper that would incur a tiny interest of respective cents to enforce a outgo connected caller relationship creation, preventing bot farms from mobilizing armies of fake accounts.

Often, these bots impersonate crypto influencers and manufacture leaders to peddle fake tokens oregon redirect users to malicious sites through phishing links designed to bargain funds.

AI-powered chatbots person besides supercharged romance scams. These scams diagnostic a agelong clip skyline wherever a menace histrion pretends to person a romanticist involvement successful their people to physique up spot with the unfortunate implicit time.

Once spot is sufficiently established, the malicious histrion typically requests funds from the people either done feigning fiscal problems oregon pitching a fake concern scheme.

A 2023 study from the Network Contagion Research Institute besides recovered that bots were liable for manipulating altcoin prices by utilizing coordinated posts from aggregate bots to artificially pump prices.

Magazine: How crypto bots are ruining crypto — including car memecoin rug pulls