It seems that social media platforms, particularly Instagram, owned by Meta, the parent company of Facebook, are not as vigilant as they should be when it comes to protecting their users from potential crypto frauds. This comes despite having strict policies regarding crypto companies and their advertisements.
The recent case of Carl Dawkins, CEO of Love Hate Inu and an advisor to the UK Crypto and Digital Assets All Party Parliamentary Group, is a perfect example. Dawkins is seeking Instagram verification with a blue tick to protect himself and his followers from scammers impersonating him. With a modest 1,212 followers on Instagram (@carldawkinz) and nearly 10,000 on Twitter (@CarlDawkinz), where he already has a legacy blue tick, one might think this would be a straightforward process.
Dawkins has presented Instagram with 140 documented cases of fraud resulting from impersonators, but the platform still refuses to grant him the blue tick verification. This has raised questions about whether Instagram’s public-figure threshold is the main reason behind its reluctance to verify Dawkins and allow him to protect himself and others from scammers.
This is not to say that Dawkins is without a noteworthy history, having worked with legendary rock bands such as Metallica and Guns and Roses and being a public persona since 2006. Hacktivist group Anonymous even tipped Love Hate Inu, with Dawkins as the CEO, as a potential competitor to Shiba Inu, a top cryptocurrency. However, none of this seems to make a difference to Instagram.
Dawkins has taken matters into his own hands and tried to gather more evidence to present to Instagram by deliberately interacting with scammers. In one such instance, he engaged with a scammer who had a blue tick and almost half a million followers. After confronting the scammer, their account was temporarily deleted but has since returned to the platform, still sporting a blue tick along with a slightly reduced follower count.
This situation further highlights the negligence on Instagram’s part when dealing with potential crypto frauds and protecting its users. As crypto gains popularity and meme coin frenzy prevails, with projects like Love Hate Inu ($LHINU) experiencing huge price pumps, platforms like Instagram should be more proactive in their approach to ensuring user safety and addressing complaints.
Love Hate Inu’s press team has reached out to Instagram at [email protected], but so far, they have not received a reply. Despite their strict advertising policies, platforms like Instagram must improve their efforts to combat fraud and protect their users from crypto scams and fraudsters. With a growing community of crypto enthusiasts relying on such platforms for valuable information, this should be a top priority.
Source: Cryptonews
