X is rolling out a new security feature designed to automatically lock user accounts the first time they post content related to cryptocurrency. To regain access, users will be required to complete identity verification, adding an additional layer of platform-level security.
The move comes amid a surge in phishing attacks, where hackers compromise trusted or verified accounts to promote scam tokens, fake airdrops, and fraudulent investment schemes.
These attacks rely heavily on credibility and visibility to deceive users. By targeting first-time crypto mentions, the platform aims to disrupt the primary attack vector used by bad actors.
Company executives claim this approach could eliminate up to 99% of such scams by removing their effectiveness and reducing financial incentives for attackers.
Source: X.com
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