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 dealing with cryptocurrency platforms.” He said someone used BitClout to create one of the platform builder coins using their name, bio, Twitter account, and photo. According to the screen published by Lung, there were 274,088 of his tokens with a market value of over $ 9,800, of which at least one user had a value of $ 4.77.
The Prime Minister said: “I have found that my Twitter profile (as well as that of other users) has been used without my permission or my knowledge of the blockchain platform that allows users to buy and speculate using their cryptocurrency.”
“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 because I have nothing to do with the platform. This is misleading and is done without my permission.”
Since then, the Luna account has been removed, but it was possible to add it to the platform at launch. According to BitClout, the site is preloaded with 15,000 major Twitter influencers – based on the number of followers – so that users can “buy and sell their coins even if they’re not already on the platform.” The Prime Minister of Singapore has more than 792,000 followers.
However, it appears that the numbers behind BitClout accounts do not need to backup their profiles to buy and sell tokens. Tesla CEO Elon Musk’s BitClout profile shows that he has not formally subscribed to the platform, but several users are currently holding his tokens which are valued at $ 89,379.39 each at time of publication. When creators activate their account by posting a BitClout address to Twitter, they are entitled to claim a certain amount of their tokens.
The prime minister’s warning was directed at 1.6 million Facebook followers as well as his Twitter followers, but was reportedly directed at all of the 5.7 million people living in Singapore. Long suggested investing in a crypto platform was like falling prey to a scam, urging 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 is distributing signed cover copies of her latest Playboy magazine 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.