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Facing financial difficulties, is it challenging crypto companies? Can "X hegemony" resist?
Since June, the crypto projects have faced a wave of account bans on X, with some official accounts and related personnel's accounts being frozen en masse without warning. This includes the official account of ElizaOS and the personal account of its founder Shaw, the official account of GMGN and the personal account of its founder haze, as well as the official account of pumpfun and the personal account of its founder Alon Cohen. Initially, the community speculated about the motives behind the bans on X, including project runaways, regulatory pressure, and associations with the "Bubble Mart" meme.
Among the various speculations, a more plausible reason is related to the violation of using third-party crawlers by cryptocurrency projects. Crypto KOL AB Kuai.Dong stated that a credible explanation for the wave of account suspensions is the data scraping behavior that has not gone through the official API interface. He pointed out that businesses need to pay over $200,000 to retrieve 200 million tweets per month through the X official interface. Many projects like gmgn, ai16z, and eliza, in order to save costs, may have used third-party crawlers to obtain data, resulting in mass bans.