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Twitter is attempting to halt alleged cryptocurrency-related scams spreading via its platform, joining fellow social media companies in striving to cut down on harmful content.

Twitter is aware of cryptocurrency-related "manipulation," and is implementing measures to "prevent these types of accounts from engaging with others in a deceptive manner," a spokesman told Bloomberg, declining to elaborate further.

Facebook recently banned ads tied to cryptocurrencies, initial coin offerings and binary options, saying they were associated with misleading and deceptive practices. However cryptocurrency ads have still found their way onto Facebook.

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