Elon Musk's X Auto-Locks First-Time Crypto Posters to Fight Scams

X will auto-lock any account posting about cryptocurrency for the first time.

“Elon Musk's X to deploy scam kill switch by auto-locking first-time crypto mentioners The move comes in response to a wave of phishing attacks using fake copyright emails and is the latest in an attempt to shut down crypto-linked scams on the platform”

@coindesk

The feature aims to kill 99% of the incentive behind crypto phishing scams.

@coindesk

It was disclosed in response to a user losing their account after a fake copyright email attack.

Users must complete additional verification before posting again.

Many crypto scams do not start on the blockchain but through credential phishing.

Attackers use reputable accounts to spread malicious links and fake airdrops.

CoinDesk

The growth of AI-driven scam accounts is a mounting bot crisis.

Bier criticized Google for allowing phishing emails through Gmail.

Dogecoin sits 93% below its peak at $0.09.

“X to roll out auto-lock feature for first-time crypto mentions Nikita Bier said the platform will require locking and verification for users posting about crypto for the first time, aiming to crush scam incentives”

Crypto Briefing

The Pepeto presale had filled more than $8 million despite market fear.

Pepeto features zero-cost trades and fee-free cross-chain transfers.

The presale was underway before the X auto-lock feature was announced.

Bier emphasized he wants crypto to proliferate on X.

X faces the challenge of balancing legitimate activity with safety.

DiarioBitcoin

The auto-lock is one of X's most direct responses to crypto phishing.

Users and projects will need to navigate a complex social landscape.