Elon Musk called the Explain This Bob Twitter account a 'scam'
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Elon Musk has removed a popular Twitter chatbot linked to a cryptocurrency “memecoin” from the social media platform, prompting a crash in the token’s value and leading to a chorus of despair from its holders.
Prices of memecoin bob (BOB) have nearly halved in value since Musk branded its linked Twitter profile @ExplainThisBob a “scam crypto account” on 18 June, leaving investors complaining that they are out of pocket.
The Explain This Bob account was an artificial intelligence-driven chatbot which other Twitter users would tag under posts to explain what the original post meant. It had a profile picture inspired by the meme character Pepe the Frog and had amassed more than 400,000 followers before it was suspended.
One Twitter user, @DeFiDownsin, was particularly upset at Musk’s decision, claiming the billionaire had “single-handedly destroyed everything I had”.
"But now, it's all gone. With the suspension of that account, it feels like a part of me has been taken away. I'm left with nothing but an overwhelming sense of loss and despair.
“So, as I sit here, tears streaming down my face, I can't help but ask myself: What now? Where do I go from here? How do I rebuild my shattered life without the one thing that gave me hope?”
\u201cHey @elonmusk, I hope you read this. My heart is shattered, and my life feels like it's in ruins. Why did you have to suspend the @ExplainThisBob account? You may not realize it, but you've single-handedly destroyed everything I had.\n\nI was more than just a follower; I was all in\u2026\u201d
The suspension took many Twitter users by surprise because Musk had previously had positive interactions with the account. The billionaire replied “I love bob” to an @ExplainThisBob post in April, causing a quick price surge at the time.
However, since then he has performed an about-turn on the issue. “Promotion of scams under the guise of being a funny/helpful bot will result in suspension. Doesn’t matter how much you pay us,” Musk tweeted on 18 June.
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