Twitter halts verification service after crypto scam accounts surface

Elon Musk’s Twitter verification policy backlashes, just as everyone expected. Now, Twitter has announced it will be halting the verified account services for all Twitter Blue users.

The billionaire’s ‘pay $8 and get a verification mark’ brought a sudden wave of crypto and NFT verified scam accounts on Twitter. At some point, people forgot which account was real or fake.

There was a fake George Bush, Pope Francis, Nintendo, Lockheed Martin, and even Musk’s own companies, Tesla and SpaceX. Tons of fake NFT project accounts surfaced to steal wallet assets.

Crypto space has already been struggling with phishing attacks and Musk just added more complications to it through his verified accounts policy despite users being against it.

Before Musk’s policy, only celebrities, politicians, high-profile companies, and journalists could apply for verification marks on their profiles; this saved people from following fake accounts on the app.

This verification policy was only available for Twitter Blue users, a premium subscription service on Twitter that offers special features and functions a usual user cannot have.

Nonetheless, anyone with a credit card, an account, and $8 could afford this mark. For any scam account, this price isn’t much since they might steal thousands of dollars from users.

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