Re: Rising Cryptocurrency Scams Targeting Social Media Accounts

Dear Jacinta and Fellow Listers,

Thank you for shedding light on this pressing issue. The increasing exploitation of verified social media accounts for cryptocurrency scams is a serious threat, not only to individuals but also to the credibility of institutions and digital platforms.

While public awareness is crucial, it is equally important for social media platforms to enhance security measures, including stronger authentication processes and faster response mechanisms to compromised accounts. Additionally, regulatory frameworks need to evolve to address these emerging threats without stifling innovation.

Collaboration between the government, tech community, and civil society, as you rightly pointed out, will be key in combating this menace. Looking forward to engaging in further discussions on how we can collectively strengthen digital resilience.

Best regards,
Alexander N. Kathanzu