Prime Minister of Singapore Lee Hsien Loong claims that someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account.
In a Facebook post Friday, Loong insisted Singaporeans to “stay vigilant when dealing with cryptocurrency platforms.” He said someone had used BitClout to create one of the platform’s Creator Coins with his name, Twitter account biography, and photo. According to the screenshot Loong posted, there were 27,4088 of his tokens with a market cap above $ 9,800, with at least one user valued at $ 4.77.
“I have discovered that my Twitter profile (as well as others) has been used without my permission or knowledge on a blockchain platform that allows users to buy and speculate with its own cryptocurrency,” said the prime minister.
“The site creators are anonymous, but I sent an open tweet to request that my name and photo be immediately removed from the site as I have nothing to do with the platform. It’s misleading and done without my permission. ”
Loong’s account has since been deleted but could have been added to the platform at launch. According to BitClout, the site is pre-loaded the top 15,000 Twitter influencers – supposedly based on follower count – allowing users to “ buy and sell their coins, even if they’re not on the platform yet. ” The Prime Minister of Singapore has more than 792,000 followers.
However, it seems that the numbers behind the BitClout accounts do not need to reserve their profiles to start buying and selling the tokens. Tesla CEO Elon Musk’s BitClout profile shows that he has not officially joined the platform, but many users currently have his tokens, worth $ 89,379.39 each at the time of publication. When creators activate their accounts by tweeting their BitClout address, they have the right to claim a certain number of their own tokens.
I will be angry if I get listed on bitclout without my permission.
But I will be furious if I am not.
– Ryan Selkis (@twobitidiot) March 22, 2021
The prime minister’s warning went out to his 1.6 million Facebook followers in addition to his Twitter followers, but it was reportedly intended for all 5.7 million people living in Singapore. Loong seemed to suggest that investing in the crypto platform was akin to ‘falling prey to a scam’ and encouraged users to only dealing with regulated companies by the Monetary Authority of Singapore.
BitClout has also caught the attention of former Baywatch star Pamela Anderson, who is handing out signed copies from her latest Playboy magazine cover from 2016 to the three largest holders of her Creator Coin. Anderson’s token is currently valued at $ 6,749.89 with a market cap of over $ 800,000.