Palmer and Musk form brief alliance in the fight against crypto scambots

September 18, 2018
Chris Wheal

Elon Musk, billionaire founder of Tesla and SpaceX, and Jackson Palmer, the creator of the Dogecoin network and its cryptocurrency, have formed an unlikely – and, so far, brief – partnership to stop crypto-scammers on Twitter.

Elon Musk (left) and Jackson Palmer share Twitter conversation on scambots

Tweeting on his personal account, but mentioning Palmer, Musk wrote: “@ummjackson if you can help get rid of the annoying scam spammers, that would be much appreciated.”

Twitter impostors

Like many celebrities and people in the public eye, Musk has been plagued by spammers using scam bots on Twitter to impersonate famous people.

Fraudsters have latched on to this phenomenon and use it to monetise their scams by stealing cryptocurrencies from unsuspecting victims through elaborate phishing techniques – sometimes written directly on a network’s blockchain.

Initially Musk found Twitter impersonators funny, but the network became rife with impostors posing as the rich and famous – so much so, that Twitter will now ban users from its site if they’re found to have impersonated an existing account.

Palmer to Musk’s rescue

Palmer was quick in his response to Musk’s request, sending him code to solve his problem – along with the message: “If you DM [direct message] me (your DMs aren’t open), I’ll send you the script – it’s short, simple and you just run it with cron somewhere.”

Palmer continued a few moments later: “Update: Elon has the script… we had a good chat on how @jack and the Twitter team should definitely automate and fix this problem on their end though.”

Indeed, Musk and Palmer could make a formidable team and might encourage participation from other important and skilled individuals at the very top of the technology industry to help combat crypto fraud on social networking sites.

It is also possible that blockchain – the technology that underpins cryptocurrency transactions – could be a useful tool in combating scam bots. Research is currently being undertaken and pilot schemes are in progress to test blockchain’s use in stopping scambots from spreading misinformation through fake ads and fake news.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

Related News

OL DEX is closing all activities April 25, 2020
USDT (ERC-20) Gateway Enabled April 17, 2020