Ethereum founder accuses Twitter of inaction

The co-founder of Ethereum said that Twitter’s anti-fraud system based on blue-ticked accounts has completely failed.

According to Buterin, many users of the social network are falling victim to crypto fraudsters and this requires the intervention of a «third party.» As an example, he cited clones of his own account that successfully confirmed that they were Vitaly Buterin and now offer fraudulent services:

So many scam accounts have blue checkmarks these days.

Seems like a complete failure of blue checkmarks in their current form. I’m definitely seeing the wisdom of turning twitter into an open API and letting third parties try to make the best UIs to solve these problems. pic.twitter.com/CIwAdpRAkv

— vitalik. eth (@VitalikButerin) October 1, 2022

As a reminder, bots were the reason why Elon Musk refused to buy Twitter. This led to a court case that is still ongoing. Many details of the failed deal are gradually being made public, for example, the war in Ukraine was one of the reasons for the failure. It also became known that the FTX cryptocurrency exchange could have become a potential partner in the deal.