Elon Musk announced on Twitter that the popular automated bot account known as "ExplainThisBob" has been suspended.
The decision comes after Musk voiced concerns about the account's alleged incitement to a cryptocurrency scam. Musk's tweets openly warned users of potential fraudulent activities associated with the altcoin known as BOB.
Musk expressed his doubts on the subject on his Twitter platform, tweeting, "This definitely looks like a scam crypto account. If it does, it will be suspended."
He then issued a harsh message in his tweet:
"Encouraging fraud under the guise of being a funny/helpful bot will result in suspension. It doesn't matter how much you pay us."
ExplainThisBob, a Twitter account that gained popularity with its automatic replies to celebrities' tweets, was known to make statements and humorous comments on various topics.
However, in the past, Elon Musk has responded to Tweets from this bot account, causing rises in the price of the BOB altcoin.
BOB was one of the relatively small-scale altcoins in the new meme token wave that started after PEPE. The token has a market cap of $15 million at the time of this writing and has lost approximately 27% in the last 24 hours.
*Not investment advice.