Singapore PM tells followers to 'remain vigilant' on crypto after seeing name used to sell tokens
Singapore PM tells followers to 'remain vigilant' on crypto afterwards seeing proper noun used to sell tokens
"I have nothing to practice with the platform," said Lee Hsien Loong. "It is misleading and done without my permission."
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Lee Hsien Loong, Prime Minister of Singapore, claims someone set a contour on the social token platform BitClout to sell tokens using the information from his Twitter business relationship.
In a Facebook post Friday, Loong urged Singaporeans to "to remain vigilant when dealing with cryptocurrency platforms." He said that someone had used BitClout to create 1 of the platform's Creator Coins using his name, Twitter business relationship bio, and photograph. According to the screenshot Loong posted, there were 27.4088 of his tokens with a market capitalization of more than than $9,800, with at least one user belongings $four.77 worth.
"I have discovered that my Twitter profile (and others likewise) has been used without my permission or knowledge on a blockchain platform that allows users to purchase and speculate with its proprietary cryptocurrency," said the prime government minister.
He added:
"The site's creators are anonymous, but I have sent an open tweet out to ask that my name and photograph be removed from the site immediately, as I take zippo to do with the platform. It is misleading and done without my permission."
Loong'south account has since been removed, but could have been added to the platform at launch. According to BitClout, the site pre-loaded the top 15,000 Twitter influencers — purportedly based on the number of followers — assuasive users to "buy and sell their coins even though they're not on the platform nevertheless." The Singapore PM has more 792,000 followers.
However, it appears that the figures behind the BitClout accounts do non accept to reserve their profiles for the ownership and selling of the tokens to start. Tesla CEO Elon Musk'south BitClout contour shows he has not officially joined the platform, but many users are currently holding his tokens, worth $89,379.39 each at the fourth dimension of publication. When creators activate their accounts by tweeting out their BitClout address, they're entitled to merits a sure number of their ain tokens.
— Ryan Selkis (@twobitidiot) March 22, 2021I'thousand going to exist upset if I'm listed on bitclout without my consent.
But I'm going to exist furious if I'thou not.
The prime minister'due south alert went out to his ane.6 1000000 Facebook followers in addition to his Twitter followers, but was purportedly intended for all 5.7 million people living in Singapore. Loong seemed to imply investing in the crypto platform was alike to "falling prey to scams," and encouraged users to only deal with companies regulated past the Monetary Authority of Singapore.
BitClout has also attracted the attending of quondam Baywatch star Pamela Anderson, who is handing out signed copies of her concluding 2016 Playboy mag cover to the three biggest holders of her Creator Coin. Anderson's token is currently valued at $6,749.89 with a market cap of more than $800,000.
Source: https://cointelegraph.com/news/singapore-pm-tells-followers-to-remain-vigilant-on-crypto-after-seeing-name-used-to-sell-tokens
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