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X Targets Phishing Scams With Forced Locks on New Crypto Activity


X Targets Phishing Scams With Forced Locks on New Crypto Activity

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X is auto-locking accounts that post about crypto for the first time, requiring identity verification before posting again; Head of Product Nikita Bier confirmed the rollout. The feature targets phishing account takeovers that hijack trusted profiles to push tokens, meme coins and links by flagging accounts with no prior crypto activity. Prompted by memecoin scams (e.g., fake death report of Jonathan the tortoise (194) that sparked a hype-and-crash), the change aims to reduce token-promotion scams and improve security and crypto adoption.

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  • X is implementing account locks on first-time crypto posts to curb scams.
  • The feature targets phishing account takeovers that use trusted profiles to push tokens.
  • Fake death report of Jonathan the tortoise (194) sparked memecoin hype and crash.

X is moving to shut down one of the most common crypto scam routes on its platform, i.e., hacked accounts pushing tokens. The change is that if an account posts about crypto for the first time, it gets locked.

The user must then verify identity before posting again. The goal is to remove the value of stolen accounts.

Auto-Lock Targets the Core Scam Model

X’s Head of Product, Nikita Bier, confirmed the rollout. The system flags accounts with no history of crypto activity that suddenly start promoting tokens, meme coins, or links.

Most phishing attacks follow this exact pattern. A user gets a fake email, often disgu…

Read The Full Article X Targets Phishing Scams With Forced Locks on New Crypto Activity On Coin Edition.

Read the article at CoinEdition

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