Bankr crypto trading bot returns to X after brief suspension
AI trading assistant Bankr resumed posting on X after a short suspension on October 10. Its Telegram service is still unavailable.
Bankr disappeared from Telegram on October 9, then vanished X hours later. The founder claims no rules were broken. Users weren't buying it – and launched #FreeBankr to force the platform's hand. A short time later, Bankr’s X account was also taken down, prompting a wave of backlash from users who launched the #FreeBankr campaign calling for its reinstatement. The bot’s access on X was later restored, though its Telegram service remains under review.
Bankr, which went live on Telegram on October 9, is an AI-powered crypto trading and management agent that operates mainly through social media interfaces. It was first introduced on Farcaster, where it gained traction among users experimenting with on-chain AI trading. The bot allows users to trade cryptocurrencies through text commands, set automated strategies, and receive AI-driven portfolio recommendations. In early 2025, the team behind the project launched its native token, $BNKR, designed to support in-platform features and community incentives.
This isn't the first time social platforms have clashed with crypto bots. As AI agents handle real money on social feeds, platforms face a tough choice: allow financial services in DMs or risk looking hostile to Web3 innovation. These bots are becoming increasingly popular on X, Telegram, and Farcaster, where traders can execute swaps, monitor wallets, or query blockchain data without leaving the chat interface. However, this convergence of AI tools and financial functionality also creates regulatory and security challenges for the platforms that host them.
Bankr isn't alone in platform troubles. Two months ago, Eliza Labs sued X over a similar suspension, claiming the platform was strong-arming AI developers. The case is ongoing —and Bankr may be facing the same playbook, accusing the platform of suspending its account and misusing its proprietary technology. The dispute highlighted growing tensions between social media networks and AI trading startups over data access, compliance, and monetization rights - issues that remain central as the next generation of AI-driven financial agents expands across Web3 platforms.
This isn't the first time social platforms have clashed with crypto bots. As AI agents handle real money on social feeds, platforms face a tough choice: allow financial services in DMs or risk looking hostile to Web3 innovation. These bots are becoming increasingly popular on X, Telegram, and Farcaster, where traders can execute swaps, monitor wallets, or query blockchain data without leaving the chat interface. However, this convergence of AI tools and financial functionality also creates regulatory and security challenges for the platforms that host them.
Bankr isn't alone in platform troubles. Two months ago, Eliza Labs sued X over a similar suspension, claiming the platform was strong-arming AI developers. The case is ongoing —and Bankr may be facing the same playbook, accusing the platform of suspending its account and misusing its proprietary technology. The dispute highlighted growing tensions between social media networks and AI trading startups over data access, compliance, and monetization rights - issues that remain central as the next generation of AI-driven financial agents expands across Web3 platforms.
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Web3 writer and crypto HODLer with a keen interest in market trends and recent technologies.
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