You won't believe the depths to which crypto scammers on Twitter are willing to sink

Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter.

In reality I was being approached by an Ivan impersonator, peddling a crypto affinity scam.

The platform "Ivan" advertised, called Cryptobinance, has no affiliation with the actual Binance exchange, a representative of the company told Cointelegraph.

Without hesitation, the scammer assured that both of us would profit handsomely, if only we would entrust our savings to Cryptobinance.

The abundance of YouTube scams involving Cardano has forced its founder Charles Hoskinson to embed "I will never give away ADA" into his YouTube streams.

At the same time, many legitimate crypto YouTubers have fallen victim to the platform's censorship.

Perhaps these platforms do not feel that the crypto niche is important enough to allocate adequate amounts of resources to monitoring for unscrupulous activities.

As Twitter's founder Jack Dorsey is a major crypto advocate himself, it comes as a surprise that Twitter hasn't grasped the seriousness of this issue.

In 2019, Dorsey and Vijaya Gadde, who leads trust and safety legal and public policy at Twitter, appeared on the Joe Rogan podcast to answer questions about the company's efforts to regulate speech on the platform.

According to a spokesperson from Binance, the company files approximately 180 monthly scam reports.