Crypto02 April, 20261 min read
Elon Musk's X Auto-Locks First-Time Crypto Posters to Fight Scams
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X will auto-lock accounts posting about crypto for the first time. The feature requires locking and verification before allowing new crypto posts.
X Auto-Locks Crypto Posts
X will auto-lock any account posting about cryptocurrency for the first time. The feature aims to kill 99% of the incentive behind crypto phishing scams.
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.
Scams Leverage Stolen Trust
Many crypto scams do not start on the blockchain but through credential phishing. Attackers use reputable accounts to spread malicious links and fake airdrops.
The growth of AI-driven scam accounts is a mounting bot crisis. Bier criticized Google for allowing phishing emails through Gmail.
Market Reacts as Pepeto Presale Hits $8M
Dogecoin sits 93% below its peak at $0.09. 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.
Balancing Growth and Safety
Bier emphasized he wants crypto to proliferate on X. X faces the challenge of balancing legitimate activity with safety.
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.
