Twitter has been on the losing end of an ongoing battle with scammers who are taking advantage of the platform's user base to steal crypto coins. However, the company revealed that it has implemented some measures in an attempt to reduce the frequency of these scams and better protect its users and ads.

The social media platform known to limit discussion to 140 characters has fought a growing trend in which cybercriminals kidnap accounts - often verified accounts - of big brands, big celebrities, and executives and entrepreneurs in the cryptocurrency sector, providing spam ads.