The recent decision by platform X to suspend the accounts of crypto platform Pump.fun and its founder has shocked the community. These actions also affected other crypto accounts.
Situation with Pump.fun and Other Platforms
The accounts for Pump.fun and its co-founder Alon Cohen were suspended on platform X. The platform did not clarify the reasons for these actions, only indicating that the accounts violated X rules. According to X users, at least 19 other accounts related to trading platforms GMGN, BullX, Bloom Trading, and the Eliza OS tool were also affected.
GMGN Appeals Suspension
Crypto platform GMGN confirmed the suspension of its account and stated that it is "actively appealing the decision and working to restore the account as soon as possible." GMGN emphasized that it remains in close communication with X to expedite a resolution.
Speculations on the Cause of Suspensions
Some X users have begun to speculate that the reason for the account suspensions may be linked to the use of third-party APIs, which were banned in January 2023. According to some, the platforms may have used external APIs to circumvent the high costs of X's in-house API tools, which start at $60,000 a year.
The unclear reasons for the account suspensions and the ensuing speculation raise questions about the state of free communication in the crypto community and the impact of X's actions on this community.
