CryptoQuant CEO Says X Bots Posted 7,754,367 Crypto-Related Messages, Prompting 'Cryptocurrency' Blocks

Ki Young Ju criticizes X for failing to address rampant bot activity exceeding 7.7 million posts daily while downranking legitimate crypto content through algorithmic suppression.

Summary

CryptoQuant CEO Ki Young Ju accused X of failing to prevent automated spam despite bots posting 7,754,367 crypto-related messages in a single day, a 1,224% surge. He highlighted the platform’s inability to distinguish bots from genuine users and the misuse of its paid verification by bots, which coincided with algorithmic suppression of legitimate crypto posts, including temporary blocks on those containing the term 'cryptocurrency'.

Terms & Concepts
  • Cryptocurrency: Digital assets secured by cryptography and used for peer-to-peer transactions.
  • Bot: Automated account or software that posts content or performs actions without direct human input.
  • Algorithm: A set of rules used by software platforms to rank, filter, or recommend content.