Elon Musk's X (formerly Twitter) platform has implemented a new automated security measure that will lock accounts posting cryptocurrency content for the first time and require identity verification checks. Product lead Nikita Bier confirmed the feature specifically targets crypto-related scams that have proliferated on the platform. The move represents the latest attempt to shut down crypto-linked fraudulent activities on X.
The implementation comes in response to a wave of phishing attacks using fake copyright emails and other social engineering tactics targeting crypto users. The auto-lock system will flag accounts making their first crypto-related posts, requiring users to complete identity verification before proceeding. This security enhancement aims to prevent bad actors from quickly creating accounts to perpetrate cryptocurrency scams.
The timing is particularly significant as the crypto space has seen increased fraudulent activity, especially following major events like the $286 million Drift Protocol hack. Crypto scams have become increasingly sophisticated, with attackers using fake verification badges, impersonating legitimate projects, and employing advanced social engineering techniques. X's new measure joins other platform-wide efforts to combat misinformation and fraud, though some critics worry about potential impacts on legitimate crypto discourse and community building on the platform.
