After Facebook ad ban, Twitter moves to prevent crypto scams on platform

Twitter is taking measures to prevent cryptocurrency-related accounts from running scams on its platform, the company said on Wednesday.

“We’re aware of this form of manipulation and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner,” Twitter said in a statement.

The measures come amid a boom in the price of bitcoin, the world's best known cryptocurrency. Bitcoin rose some 1,400 percent last year, but has fallen nearly 30 percent in 2018.

Last month, a Twitter account posing as Elon Musk targeted fans of the Silicon Valley billionaire, claiming to give