Twitter Halts AI Bot Connected to Memecoin Following Elon Musk’s Accusation of ‘Fraudulent Cryptocurrency’

AI Bot Tied to Memecoin Shut Down by Twitter Following Elon Musk’s Accusations of a “Deceptive Cryptocurrency”

The Twitter account known as “Explain This Bob,” which utilized artificial intelligence and had connections to a memecoin, has been suspended after Elon Musk labeled it a “fraudulent crypto account.”

Musk made the accusation against the account in a tweet on June 18, which resulted in its swift suspension shortly afterward. “Explain This Bob” had garnered a substantial following of over 400,000 users before its suspension. The bot, created by Prabhu Biswal from India, utilized OpenAI’s GPT-4 model to comprehend and respond to tweets from those who tagged the account.

Additionally, the project was associated with the ERC-20 memecoin named Bob Token (BOB), which launched in April. Following the suspension, the price of BOB plummeted by more than 30%, as reported by CoinGecko.

Interestingly, this suspension represents a shift in Musk’s earlier sentiment towards the bot. On April 20, he had tweeted “I love Bob” in response to one of its tweets, a tweet that prominently featured on the project’s website.

Although Twitter took action against the Explain This Bob account, no action has been taken against the Bob Token account. In response to the news of the suspension, the project team humorously shared a meme depicting Musk monitoring a distressed “Bob” in prison.

Observers speculate that Musk believes Explain This Bob is being employed as a marketing ploy to boost the price of BOB. Since the suspension, the hashtag “FREEBOB” has gained traction on Crypto Twitter. Many observers argue that BOB is not a scam coin and consider the suspension unwarranted, asserting that the token’s launch was fair and that BOB operates as a fully decentralized currency with a 0% tax mechanism.

Furthermore, some individuals claim that the team did not allocate any tokens or partake in airdrops prior to the April launch of Bob Token.