Crypto community is dominated by Gen Z and millennials. They have large fanbase accounts. These ask followers to follow shady crypto accounts. These offer commission to organise giveaway contests. Fanbase accounts also request their followers to follow their backup accounts. Fanbase account holders sell their accounts to crypto folks. This is the way to target the youth. Gullible youngsters inadvertently follow multiple crypto accounts.

The data of young users is likely to be misused for phishing and for hacking personal details. Subscription fees are falsely collected to siphon away cash.

It is better to be cautions while following cryptocurrency handles on Twitter. Twitter has to exercise tighter monitoring. Crypto community too should be vigilant.