Twitter, a popular platform among crypto influencers and analysts, has suspended at least seven accounts related to Cryptocurrencies with hundreds of thousands of followers each.
Though the real number of suspended accounts is not known, the social media platform has suspended top accounts, including @woonomic, @100trillionUSD, @mmcrypto, @wsbchairman, @themooncarl, @TheCryptoDog and @KoroushAK.
Full list of account suspensions:@woonomic @100trillionUSD@mmcrypto@wsbchairman@themooncarl@TheCryptoDog @KoroushAK
Strangely @PeterSchiff hasn't though, what gives? https://t.co/i6L5e93BTV — Peter McCormack (@PeterMcCormack) March 10, 2021
"Account suspended," is flashing on these suspended accounts. “Twitter suspends accounts which violate the Twitter Rules.”
As of press time, @woonomic, which is the account of Willy Woo, a Bitcoin on-chain analyst with over 325.5K followers, and PlanB’s handle @100trillionUSD, which posts a BTC stock-to-flow model, were restored, but the rest remained suspended.
A Deliberate Move or a Mistake?
According to Woo, his Twitter account was suspended for around 6 hours before it was restored after raising a request.
“We have systems that find and remove multiple automated spam accounts in bulk, and yours was flagged as spam by mistake. Please note that it may take an hour or so for your follower and following numbers to return to normal,” the social media giant notated in a statement shared with Woo.
Ditto. My account was suspended for ~6 hrs.
I went through the process mentioning @100trillionUSD was taken down also and this was the email response they gave when they reactivated. Let's hope at least the scam accounts get under control. https://t.co/sW1BHkxXmN pic.twitter.com/JGeVPaCnDN — Willy Woo (@woonomic) March 10, 2021
Both @woonomic and @100trillionUSD are fully restored now.
Without any official statement from Twitter behind the deliberate or mistaken suspension, many are pointed to the social media platform’s inability to take action against the fake influencer accounts that often try to siphon cryptocurrencies from desperate victims.
I also suspect some sort of overzealous algo, but it's really fucking weird that it managed to remove @100TrillionUSD, but didn't remove obvious fakes such as @100TrillionUSDT or @100TrillionUSDD.
— Ankeborgare (@FlensorTow) March 10, 2021
Twitter is infamous for sudden account suspensions in many countries, but most of the time those moves were Influenced by political vendettas. The suspension of these crypto influencer accounts is odd given Jack Dorsey’s endorsement of Bitcoin.