June 12th news: The cryptocurrency field has once again stirred up waves. Recently, the X official has taken action and frozen multiple accounts closely related to the crypto circle. Among the list of frozen accounts, there are many accounts of well-known figures in the crypto circle and related institutions. Such as Wolfy_XBT, brc20niubi, 0xCryptoWizard, gake@Ga__ke, GMGN official account @gmgnai and GMGN founder account @haze0x, etc. As of now, the official X has not publicly disclosed the specific reasons for freezing these accounts. This move has drawn widespread attention and speculation in the crypto community.
Just yesterday, ElizaOS ‘official X account @elizaOS and its founder Shahu@ShawmakesMagic also suffered the same fate and were both frozen. In addition, the X account associated with TRUMP Wallet’s official website was once frozen, but was later unfrozen. The reason for its freezing is also shrouded in mystery. This large-scale freezing of accounts related to the crypto circle can’t help but remind people of similar incidents in the past. On March 7th this year, Yichao Peak Ji, the co-founder and chief scientist of Manus, posted that the official X account of Manus (@ManusAI_HQ) was unexpectedly frozen. Preliminary observations suggest that this freeze may be related to the mention of cryptocurrency fraud by a third party. However, Manus has clearly stated that it has never been involved in cryptocurrency projects, token issuance or blockchain plans.
In the cryptocurrency market, social media platforms have always been an important front for information dissemination and exchange. A large number of cryptocurrency investors, project parties and industry analysts share market dynamics, investment strategies and project progress through platforms such as X. This time, the official X has frozen multiple accounts in the crypto circle, undoubtedly bringing an impact on the information dissemination ecosystem of the crypto circle. Some investors are concerned whether this indicates a further tightening of the regulatory environment or a policy adjustment by the platforms themselves regarding cryptocurrency-related content. Some of the owners of the frozen accounts have a large number of fans in the crypto circle. After their accounts were frozen, the fans lost an important channel for obtaining information, which also caused unease among the fan community.
Based on past experience, the suspension or freezing of accounts related to cryptocurrencies on social media platforms is sometimes related to the platform’s own rule adjustments and the prevention and control of potential risks. For instance, some accounts may be dealt with for Posting false information, being suspected of fraud or violating the platform’s financial regulations. However, this time, the scope of X’s official account freeze is quite broad and no reason was given, making it difficult for the market to accurately determine the motives behind it. This incident also serves as a wake-up call for the crypto community. Against the backdrop of increasingly strict regulation, practitioners and investors in the cryptocurrency industry need to be more cautious in complying with relevant rules to ensure the compliance of their own actions.
At the same time, when social media platforms manage content related to cryptocurrencies, they also need to strike a balance between ensuring the free flow of information and preventing risks. In the future, as the cryptocurrency market develops and the regulatory environment changes, it is worth continuous attention whether the X official will further explain the reasons for the account freeze this time and what long-term impact this event will have on the information dissemination and market development in the crypto circle.
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