Singapore Prime Minister Lee Hsien Loong claims that someone created a profile on the BitClout social token platform to sell the tokens using information from their Twitter account.
On Facebook on Friday, Long urged Singaporeans “to be careful when working with cryptocurrency platforms.” He said that someone used BitClout to make one of the platform builder coins using their name, bio, Twitter account, and photo. According to the screen published by Moon, there were 274,088 of his tokens with a market value of over $ 9,800, with at least one user having $ 4.77.
The Prime Minister said, “I found out that my Twitter profile (along with other profiles) was used without my permission or my knowledge on the blockchain platform allowing users to buy and speculate with their cryptocurrencies.”
“The creators of the site are anonymous, but I sent an open tweet asking them to immediately remove my name and picture from the site, as I have nothing to do with the platform. This is misleading and it is executed without my permission.”
Lung’s account has since been removed, but it was possible to add it to the platform at launch. According to BitClout, the site pre-loaded 15,000 of the best Twitter effects – apparently based on the number of followers – so that users can “buy and sell their coins even when they’re not already on the platform.” The Prime Minister of Singapore has more than 792,000 supporters.
However, it appears that the numbers behind BitClout accounts do not need to keep their profiles to start buying and selling tokens. Tesla CEO Elon Musk’s BitClout profile shows that he has not formally joined the platform, but many users currently have tokens worth $ 89,379.39 each at the time of release. When creators activate their account by tweeting at a BitClout address, they are entitled to claim a certain number of their tokens.
The prime minister’s warning was directed at 1.6 million Facebook followers as well as his Twitter followers, but it was allegedly aimed at all of the 5.7 million people living in Singapore. Lung appears to indicate that investing in a crypto platform was a victim of fraud and encouraged users to only deal with companies regulated by the Monetary Authority of Singapore.
BitClout has also caught the attention of former Malibu Lifeguard star Pamela Anderson, who distributes signed copies of the latest Playboy magazine catalog from 2016 to the top three holders of Creator Coin. Anderson token is currently valued at $ 6,749.89, with a market value of over $ 800,000.