Twitter Purges Major Crypto Accounts, Suspending Them For No Reason

Twitter purges major crypto accounts from its platform by suspending them for no apparent reason so we try and find out what exactly happened in our latest cryptocurrency news today.

Twitter purges once again and what’s funny enough is that it is run by Jack Dorsey, one of the biggest supporters and influential proponents of Bitcoin but it seems now that some major crypto accounts were suspended for no apparent reason. Twitter suspended numerous accounts related to cryptocurrencies and some of the most popular ones include those of Plan B who is the creator of the Stock to Flow model, Willy Woo as one of the most influential BTC and crypto analyst as well as “The Moon” or Carl Runefelt who is a well-known crypto proponent and trader.

Just got a text from @woonomic, looks like his account got suspended along with @100trillionUSD … WTF @Twitter this is unacceptable, these guys are some of the BEST Financial Analysts in the World @TwitterSupport need to look into this ASAP!

— Tone Vays (#EndLockdowns) (@ToneVays) March 10, 2021

Others include the account of WSB Chairman and the account of influencer Koroush AK. There’s no information right now as to why these accounts are being suspended and as a precaution against this, other influences are starting to turn their accounts settings to private. Loma, the well-known crypto trader with more than 100,000 followers spoke on the matter and said that his account is now private because the Twitter bots and mass reporters are the ones responsible for suspending the accounts.

This isn’t the first time that a centralized content-sharing platform censored crypto-related accounts and content for no reason. Last year we saw YouTube doing the same thing as it suspended accounts and shadow-banned BTC-related videos. This comes as quite a shock because Jack Dorsey who is the CEO of Twitter is a well-known supporter of Bitcoin and one of its most influential proponents.

As reported recently, Ethereum’s creator wants to help Jack Dorsey in decentralizing Twitter while Charles Hoskinson says that he is also working on a social media project that could help decentralize Twitter. Cardano’s founder Charles Hoskinson tweeted to Jack Dorsey this week saying he is working on something regarding social media. He wants Twitter’s Blue Sky decentralization initiative to be open source. Twitter’s CEO Jack Dorsey who is an outspoken BTC fan and his belief in the promise of decentralized technology which is a huge reason why Twitter is preparing for the next move away from centralized services.