Manus Stock Plummets as AI Project Faces Cryptocurrency Scam Fallout

Coin WorldFriday, Mar 7, 2025 2:21 am ET

1min read

On March 7th, the co-founder of the AI project Manus, Ji Yichao, announced on social media that the official X account of Manus was unexpectedly suspended the previous day. The team is actively working with the X support team to resolve this issue. Preliminary observations indicate that this suspension may be related to a third-party mentioning cryptocurrency scams. Manus has never been involved in any cryptocurrency projects, token issuance, or blockchain initiatives. Any cryptocurrency company with a similar name claiming to be associated with Manus is a scam. Currently, Manus is taking legal action against these impersonators and encouraging users to report suspicious accounts.

This incident highlights the growing concern over cryptocurrency scams and the importance of verifying the legitimacy of projects and initiatives. The suspension of Manus's official X account serves as a reminder for users to be cautious and vigilant when engaging with online platforms and social media accounts. The team's proactive response in addressing the issue and taking legal action against impersonators demonstrates their commitment to protecting their brand and users from fraudulent activities.

Manus's statement emphasizes the need for users to report any suspicious accounts or activities related to cryptocurrency scams. By doing so, users can help in the collective effort to combat fraud and protect the integrity of legitimate projects and initiatives. The team's efforts in resolving the issue and taking legal action against impersonators serve as a positive example for other projects and initiatives in the industry.

As the cryptocurrency and blockchain industry continues to evolve, it is crucial for projects and initiatives to prioritize transparency, security, and user protection. The incident involving Manus serves as a reminder for the industry to remain vigilant and proactive in addressing potential threats and challenges. By working together and taking collective action, the industry can create a safer and more secure environment for users and investors alike.

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