Bankr Resumes Activity on X After Suspension Sparks Crypto Outcry

TLDR

• Bankr’s suspension on X lasted only hours before returning due to community support.
• The bot remains suspended on Telegram, with its founder speculating on violations.
• Bankr offers decentralized alternatives like Base App and Farcaster after the Telegram ban.
• Crypto community rallied using #FreeBankr, urging X to lift the suspension.

The AI-powered crypto trading bot Bankr has resumed its operations on X after facing suspension earlier this week, sparking a wave of support from the crypto community. The suspension had occurred shortly after the bot launched on Telegram, and many users quickly rallied behind it. Despite its return to X, Bankr remains suspended on Telegram, with its founder speculating about a potential terms of service violation.

Suspension and Quick Resumption on X

Bankr’s suspension from X, which lasted only a few hours, caught the attention of many users within the crypto community. Bankr is designed to help users manage and trade cryptocurrencies through simple text commands across platforms such as X and Farcaster. The bot’s suspension came as a surprise to many, given its recent launch on Telegram.

The founder of Bankr, @0xDeployer, suggested that the suspension on Telegram might have been due to a potential violation of the platform’s terms of service. Despite this, the founder assured users that the team had thoroughly reviewed the terms before launching the bot. While the bot is back on X, it remains suspended on Telegram, which has left some users questioning the reason for the action.

Crypto Community’s Reaction

The swift suspension of Bankr led to an outpouring of support from users within the crypto community. Many users on X adopted the hashtag #FreeBankr, calling for the bot’s return. Supporters quickly tagged platform leads, urging them to reverse the suspension. The community’s push was largely successful, as Bankr resumed its activities on X within hours of the initial suspension.

Despite the brief interruption, the incident underscored the growing influence of the crypto community on social media platforms. The quick mobilization of users highlights the importance of social platforms in facilitating the exchange of information and services in the crypto space.

Telegram Suspension and Terms of Service Concerns

While Bankr is now operational on X, its suspension on Telegram remains unresolved. The founder, @0xDeployer, has suggested that the bot’s suspension may be related to a breach of Telegram’s terms of service. The founder also clarified that the team had conducted a thorough review of Telegram’s rules prior to the bot’s launch. However, the platform has yet to provide an official explanation for the suspension.

Bankr’s team has been directing users to interact with the bot via decentralized options, including its private terminal, Base App, and Farcaster. These alternatives offer users a way to access Bankr’s services while it remains suspended on Telegram. However, the absence of Bankr from Telegram limits the bot’s reach to some users, particularly those who prefer that platform.

Broader Context of AI Bots on Social Media

The Bankr suspension follows a trend of increasing scrutiny of AI products on social media platforms. Recently, AI firm Eliza Labs filed a lawsuit against X Corp., accusing the platform of abusing its market power to deplatform the company after a licensing dispute. Eliza’s case mirrors concerns from other AI developers about their ability to operate freely on major social media platforms.

Although there is no clear connection between Bankr’s suspension and Eliza Labs’ lawsuit, both incidents raise questions about the relationship between social media platforms and AI-powered services. As AI tools like Bankr become more integrated into social media, the balance between platform policies and the growing presence of AI technologies continues to evolve.

Despite these challenges, Bankr’s return to X shows the strength of community-driven action in the crypto space. As the bot navigates its ongoing suspension on Telegram, it remains to be seen how other platforms will handle similar AI services in the future.

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