Misleading TikTok Videos: The Dark Side of Encryption and How It’s Being Exploited

04/22/2023 05:46 • Blockchain Briefs • 85 views

On April 22nd, according to research by DappGambl, over one-third of encrypted TikTok videos are misleading. Among them, 47% of TikTok creators attempt to make money by promoting services, including mainstream creators such as Kim Kardashian, Jake Paul, and SouljaBoy. In addition, TikTok videos with encryption related tags, such as crypto, cryptok, cryptoadvice, cryptocurrency, cryptotrading, and cryptoinvesting, have generated over 6 billion views in total.

Research: More than one-third of encrypted related videos on TikTok are misleading

As the world becomes increasingly digital, we’re constantly bombarded with information from various sources. Social media platforms like TikTok have made it easy for creators to share their ideas, opinions, and even sell their products. However, as it turns out, not everything you see on TikTok is true. In fact, according to research by DappGambl on April 22nd, over one-third of encrypted TikTok videos are misleading.

The Numbers are Astounding

The scope of the problem is quite alarming. In total, videos with encryption related tags have generated over 6 billion views, with 47% of creators attempting to make money by promoting services. Some of the mainstream creators involved in this scheme include Kim Kardashian, Jake Paul, and SouljaBoy.

How Creators are Using Encryption

One of the ways TikTok creators do this is by promoting fraudulent services such as crypto trading and investment. In most cases, these services promise high returns but are actually tricks to defraud unsuspecting viewers of their money. Other creators promote pyramid schemes or offer investment advice without properly disclosing their affiliation with these services.

How Encryption is Being Exploited

The use of encryption on platforms like Tiktok is instrumental in safeguarding users’ privacy and data. However, it’s become clear that encryption is being exploited to support nefarious activities such as the ones mentioned above.

The Role of Tiktok and Its Parent Company

Tiktok is owned by ByteDance, a Chinese company that is fast gaining popularity among users worldwide. The platform is still new, and there are concerns that ByteDance isn’t doing enough to regulate what users can share or promote.

How to Protect Yourself

To avoid being a victim of misleading TikTok videos or fraudulent schemes, it’s vital to be cautious about investment advice, particularly from unverified sources. Check the legitimacy of any investment opportunity before parting ways with your money, and always research the company or service provider before patronizing them.

Conclusion

It’s essential to be aware of the negative role that encryption is playing on Tiktok. While the platform has revolutionized social media content creation, this dark aspect of encryption shows that creators have found ways to exploit it. As users, we must be cautious, do our due diligence, and protect ourselves and our finances from fraudulent activities.

FAQs

1. How can you identify misleading Tiktok videos?
Ans: Clickbait titles, overly positive reviews, and a strong sales pitch are typical red flags when it comes to identifying misleading TikTok videos. Always research before you invest, and be cautious of hidden motives behind any promotion.
2. Why is this a problem on Tiktok?
Ans: Tiktok is new, and there are concerns that ByteDance isn’t doing enough to regulate creators’ content. The lack of proper policies and regulations has allowed malicious creators to take advantage of encryption to exploit unsuspecting viewers.
3. What can be done to put an end to this?
Ans: Proper regulation by Tiktok and ByteDance would be a good starting point. Secondly, it’s essential to educate the public about the risks of investment fraud so that they can protect themselves. Finally, it would help to raise awareness of the dangers of fraudulent financial schemes.

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