Most victims were lured to phishing websites from comments posted by impersonator accounts on X.
Social Media News
The social media definition is a computer-mediated communication system developed for sharing information, ideas, interests and other forms of expression in virtual communities. Social media apps are currently the most popular services on application markets, which target nearly every smartphone user. Social media marketing is now one of the most popular promotion techniques, allowing ads to target potential customers in avoidance of disinterested people. Social networks are connecting people around certain points of contact, which are identified by advertising systems. Social media platforms are expanding their functionality by implementing e-commerce, shopping and other features. Building social media with a blockchain may become a next step in social media, which will reduce unauthorized access to the personal information of users, get rid of censorship and make a trusted-transaction system within the network.
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Blockchain technology can address the pervasive issue of inauthentic users on social media.
18267A review of 86,565 social media posts related to metaverse technology showed only 14% negative sentiment.
10793Chappyz, an AI-powered protocol that aims to increase conversational engagement in social media platforms, joins the Cointelegraph Accelerator program.
12547Dynamic NFTs transform social media, enabling personalized and ever-evolving user journeys within the Web3 landscape.
19262The SEC chair penned a letter to four members of the U.S. House of Representatives breaking down the timeline of the commission’s Jan. 9 SIM swap attack.
8298Ray Chan purchased Nobody #889 for $47,300 worth of ETH.
3522Streaming services overtake the box office but host problems for creators that blockchain can solve.
16058The Farcaster network has notched nearly 25,000 daily active users following a surge of interest in a new innovation called Frames on its Warpcast app.
10212Ray Chan, the CEO of Memeland, explains why SocialFi may not be the best way to describe decentralized social media and how social apps are easier to onboard users than trading apps.
2030The Algorand Foundation said on Jan. 25 that it was “in the process” of recovering Staci Warden’s account, but posts containing racial slurs and other insults continue to appear.
12782Social media platforms have become data refineries, extracting user information with little regard for privacy or fairness. Pop Social flips the script by putting data ownership firmly in the hands of users, who can use it to unlock exclusive benefits and personalize their experiences.
11905Factland DAO co-founder Evan Hansen tells The Agenda podcast that decentralization can help cut through media bias when fact-checking information.
1454The SEC had multifactor authentication enabled six months prior to the hack, but it was disabled by X Support following a request by an SEC staff member, the securities regulator revealed.
3453“Fiat is the preferred currency for financial crimes,” said a Community Note providing context to Elizabeth Warren’s Jan. 21 tweet on crypto and sanctions.
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