Twitter’s murky verification process is helping cryptocurrency scams thrive

Twitter verification, or the blue checkmark that appears next to an official account's name, is seen by most people as a badge of credibility. It's meant to distinguish real accounts from the fake ones.

SEE ALSO: For the love of god stop sending 'Elon Musk' your Ethereum. It's a scam.

But for scammers, the same blue checkmark can be exploited to take money from unwitting users, as BuzzFeed reported last week. 

The BuzzFeed story describes how an account called @Tronfoundation, a company offering the cryptocurrency token $TRX, was impersonated by about a dozen accounts. But the one fake account that really stuck out from the pack was @Tronfoundationl because it somehow acquired a blue verified checkmark — even though the account was fake. Read more...

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