X Deploys Anti-Scam Measure to Combat Crypto Phishing Attacks

X, a social media platform owned by Elon Musk, has announced a new security feature aimed at combating cryptocurrency scams. The move comes in response to a wave of phishing attacks using hijacked accounts to promote scam tokens.

The new feature will automatically lock any account that mentions cryptocurrency for the first time, requiring users to go through additional verification before posting again.

This change targets the core incentive behind these attacks, according to Nikita Bier, X's Head of Product. He noted that this should kill 99% of the incentive for attackers.