A study on social video network TikTok revealed that: 35% of 1000+ Videos Analyzed Mention Bitcoin, Wrongmisconceptions about cryptography.
TikTok: Increase in misinformation and fraud related to cryptocurrencies
dappGambi experts analyzed 1161 TikTok videos from 594 creatorsusing the number of popularity cryptocurrency hashtagsfound that the total number of videos ended 6 billion views.
in particular, the study Run with Crypto K hashtagwith 1.6 billion views on TikTok, A third of videos refer to Bitcoin in misleading ways.
By being “misleading”, dappGambi’s experts Lack of disclaimer Make it clear to the viewer that the information presented is solely the author’s point of view and not professional guidance.
in this regard, Eugene Abgana dappGambl said:
“Just because a video has thousands of likes and views doesn’t mean the content is legitimate and trustworthy.”
TikTok: Bitcoin, Ripple, Ethereum, Cardano and Other Cryptocurrencies Featured in Misleading Videos
In addition to Bitcoin, DappGambl analyzed 53 different crypto-assets most commonly featured in TikTok videos using the hashtag CryptoK to assess how many are misleading and deceptive. bottom.
Really, The first of them is Bitcoin, with 35%second place is Ripple 13% misleading and deceptive video, then 11.60% on Ethereum. Cardano, Shiba Inu, Solana, Dogecoin It is also in the top 20 of this ranking.
Staying with the general data of the study, 37% (434) of all videos analyzed had no financial disclaimer, encouraging users to invest Or imply a return on investment.
There is an increasing amount of misinformation in the cryptocurrency space about TikTok that is not only misleading but can also lead to fraud.
Social network “security” dangers
This little control by TikTok over the veracity of video content is no small thing. many crypto scammersin fact, You might find your own niece on TikTok.
TikTok (known as Douyin in China) is a short-form video hosting service owned by Chinese company ByteDance. This social network hosts his 3 seconds to his 10 minute videos posted by users.
last summer, Brendan CarrRepublican Commissioner of the Federal Communications Commission, Asked Apple, Google remove TikTok from app stores in order to national security risk.
According to Carr, China’s video social network collects most of the sensitive data accessible in Beijing.
Carr also listed some of the types of data TikTok has access to. Examples include search and browsing history, text input patterns, and biometric identifiers such as face and voiceprints.