Analysis shows that since last year, cryptocurrency fraud on Twitter has almost doubled

According to Be In Crypto, recently, MyCrypto network security researcher Harry Denly analyzed about 333 Twitter users, 327 tweets and 425 images to understand the growth of fraudulent activity since last year. Unsurprisingly, this number has almost doubled (an increase of 95%). Affected by the recovery of the cryptocurrency market in 2019, the fraudulent activity on Twitter also exploded. He also pointed out that most of the new fraud accounts were created in 2019. However, quite a few are purchased from users in 2009 and 2010. This is most likely because it is less likely that a historical account will be kicked out of Twitter.