The Twitter team has suspended the account of the popular AI bot associated with meme-cryptocurrency Explain This Bob after Elon Musk’s allegation of a scam.
This sure looks like a scam crypto account. If so, it will be suspended.
— Elon Musk (@elonmusk) June 18, 2023
On June 18, the billionaire wrote that Bob is likely a “crypto scam account.” After a while, the account on the social network was blocked.
The bot profile had over 400,000 subscribers. The project was created by Indian programmer Prabhu Biswal and used the OpenAI GPT-4 model to respond to tweets.
The bot has its own ERC-20 standard token – Bob Token (BOB). According to CoinGeckoafter the suspension of the account, the price of the coin fell by more than 30%.
In April, Musk expressed the opposite opinion about the bot, declaring his love for him. This post was used by the project team in promotional materials on their website. website.
I love Bob
— Elon Musk (@elonmusk) April 19, 2023
Representatives of the bot treated the problem with humor. They posted a picture of a billionaire watching a token mascot in prison.
#FREEBOB pic.twitter.com/SOUm7opQ7o
— Bob (@BobEthToken) June 18, 2023
The hashtag #FREEBOB (“free Bob”) was also circulated on the social network. Many users believe that the coin is not a scam and the account suspension is not supported by evidence. One of the enthusiasts pointed to the complete decentralization of the project and zero fees for the exchange of the token.
So does @elonmusk plan to provide any proof of $BOB being a scam or are we just expected to take his word for it?
Intrigued to understand what constitutes a scam crypto account @elonmusk?
Renounced contract
0 tax
0 team tokens
Fully decentralized
Fair launchedCan you explain… pic.twitter.com/0U2nuUsyqB
— Crypto Boss (CB) 😎 (@Cryptoboss2000) June 18, 2023
“Is Elon Musk planning to provide any evidence that BOB is a scam, or should we just take his word for it? […] Can you explain the difference between BOB and DOGE? And why is one coin fraudulent and the other not?” he wrote.
Recall that in May, the head of Tesla and SpaceX advised investors “not to bet too much” on Dogecoin and not to invest all the money in the asset. However, he noted that DOGE is still his favorite cryptocurrency.
That same month, Binance CEO Changpeng Zhao claimed that Musk had “extended the life” of Dogecoin, which could have “disappeared a long time ago.”
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!