X Introduces Anti-Scam Measures to Combat Cryptocurrency Scams

X, Elon Musk's social media platform, has introduced changes to combat cryptocurrency scams that have been flooding its site.

The new system will automatically lock accounts and prompt users for verification when posting about cryptocurrencies for the first time. This move aims to reduce the number of scams by up to 99%, according to Nikita Bier, the platform's product manager.

According to Bier, the new system will detect suspicious activity and prevent scammers from exploiting user accounts. However, questions have been raised about how the system will verify the legitimacy of cryptocurrency-related content posted by users with a history of posting such content.