Binance co-founder Changpeng Zhao (CZ) has urged Elon Musk to take stricter action against bots on the X platform, particularly those affecting the crypto community. CZ suggested disabling API posting to curb automated spam and coordinated attacks, emphasizing that AI-generated content should still be allowed if manually posted.
The crypto space on X continues to face issues with impersonation scams, phishing links, and pump-and-dump schemes facilitated by bot networks. Musk has proposed solutions such as credit card registration for new accounts to limit bot activity but has yet to implement a permanent fix.
AI-powered bots have also been linked to financial fraud, including romance scams and fake investment pitches that exploit unsuspecting users. Studies have shown that coordinated bot activity has manipulated altcoin prices by artificially inflating market sentiment.
Despite Musk’s previous efforts to combat bots, the crypto community remains frustrated with their persistent presence. Calls for stronger measures continue as bots increasingly threaten user security and market stability.
