Cameron Winklevoss Explains How Instagram Can Delete Fake Accounts

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Tue, 05/26/2020 - 15:16
Alex Dovbnya
Cameron Winklevoss, the co-founder of crypto exchange Gemini, explains how Instagram can easily spot phony accounts
Cover image via en.wikipedia.org
Contents

Gemini co-founder Cameron Winklevoss is getting annoyed by the increasing number of bogus Instagram accounts that impersonate him, and the photo-sharing behemoth seems to be reluctant to tackle this hot-button problem.

Hence, he decided to take the matter in his own hands by offering Instagram a comprehensive guide on how to detect the phonies in a recent Twitter thread.
   
He believes that it would prevent his impostors from scamming people out of crypto. 

Doing Instagram’s job

One of the two ‘Bitcoin billionaires’ claims that scammers tend to create exact copies of his verified account in order to add credibility. The same applies to his brother Tyles Winklevoss. 

Hence, he says that it could be possible for Instagram to detect and delete such matches.

Taking this a step further, Winklevoss suggests identifying odd patterns in an account's behavior to determine whether it’s legitimate if there is no verification mark.   

Those profiles that tend to be routinely impersonated should be marked as ‘high risk,’ which would make it easier to suspend fake profiles.    

Social media in hot water

Numerous prominent members of the cryptocurrency industry have already complained about scams on social media that use their names for luring investors. This includes Ripple CEO Brad Galringhouse who slapped video streaming giant YouTube with a lawsuit for clamping down on XRP-related frauds back in April.

Facebook has also been taken to court on numerous occasions for not rushing to staunch fake advertising related to crypto. 

Recently, Blockstream CEO Adam Back also slammed Twitter for ‘going AWOL’ after a tweet with his impostor who claimed to be Satoshi went viral.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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