News analysis

When social influence gets monetised into crypto exchange

OCBC Bank's head of wealth advisory Kelvin Goh said it is crucial to look at crypto platforms' reliability. PHOTO: NYTIMES
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Earlier this month, a Facebook post and tweet by Prime Minister Lee Hsien Loong made waves among investors and social media influencers.

He had asked for his name and photograph to be removed from BitClout - a social crypto-exchange where users trade tokens based on people's reputations - as it had used his profile without his knowledge.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.