Connect with us
DAPA Banner

Crypto World

elon musks x deploys crypto scam kill switch

Published

on

Inside X Money, Elon Musk’s bid to fuse social media and banking

X is preparing to automatically lock any crypto scam account that mentions cryptocurrency for the first time in its posting history, with Head of Product Nikita Bier saying the measure should eliminate 99% of the economic incentive behind the platform’s most persistent category of fraud.

Summary

  • X Head of Product Nikita Bier confirmed on April 1 that the platform is implementing auto-locking and verification for any crypto scam account that posts about cryptocurrency for the first time in its history.
  • The measure is designed to remove the economic incentive behind scam accounts that hijack or newly weaponize established profiles to promote fraudulent crypto schemes.
  • Bier said the feature should kill 99% of the incentive, and also called out Google for failing to stop phishing emails at the inbox level.

X is preparing to automatically lock any crypto scam account that mentions cryptocurrency for the first time in its posting history, with Head of Product Nikita Bier saying the measure should eliminate 99% of the economic incentive behind the platform’s most persistent category of fraud. Bier confirmed the plan in an April 1 post on X replying to Benjamin White, founder of prediction market Predictfully, who publicly shared his account hack experience after a phishing email disguised as a copyright violation notice stole his credentials.

White’s experience is a textbook example of the attack pattern X is now targeting. His credentials were stolen through a fake login page that captured both his password and two-factor authentication code in real time. The hijacked account was then immediately redirected toward fraudulent crypto promotions — a sequence that has become standard practice among organized scam networks operating on the platform. “Yeah, we’re aware,” Bier wrote in reply. “We are in the process of implementing auto-locking + verification if a user posts about cryptocurrency for the first time in the history of their account. This should kill 99% of the incentive, especially since Google isn’t doing shit to stop the phishing.”

Advertisement

The scale of the problem

Crypto scams on X have intensified through 2026. In March, on-chain investigator ZachXBT traced a coordinated network of more than ten X accounts that used war-related panic posts to funnel users toward fraudulent crypto schemes, with on-chain evidence showing the cluster earned six figures from the campaign. Earlier in September 2025, X itself disclosed a bribery network in which scammers paid middlemen to reinstate suspended crypto fraud accounts, prompting legal action from the company.

How the feature works — and its limits

The auto-lock mechanism targets a specific and near-universal signature of scam activity: accounts with no prior history of crypto discussion suddenly posting promotional or transactional crypto content. By requiring verification before that first crypto post goes live, X introduces friction at the exact point where hijacked account abuse begins.

The feature does not appear to affect established accounts that already have a history of discussing crypto on the platform. Bier acknowledged that Google’s inaction on phishing emails remains a compounding vulnerability in the broader scam chain — one that X cannot fully control from its end alone.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin’s ‘No Direction’ Action May Lead To Bigger Breakout: Analyst

Published

on

Cryptocurrencies, Bitcoin Price, Adoption

Bitcoin’s prolonged consolidation below $70,000 may be paving the way for a more significant rally, according to a crypto analyst.

“The longer it lasts, the heavier the breakout will be,” MN Trading Capital founder Michael van de Poppe said in an X post on Friday.

“Bitcoin remains stagnant in this area, which means that there’s literally no direction,” van de Poppe said, adding that he is eyeing Bitcoin (BTC) breaking through $71,000, a level the asset hasn’t reached since March 26.

Bitcoin has been trading in a narrow range

Since reaching a yearly low of $60,000 on Feb. 6, Bitcoin has been trading in a narrow range between $60,000 and $74,000. Bitcoin is trading at $66,890 at the time of publication, down 8.25% over the past 30 days, according to CoinMarketCap.

Advertisement
Cryptocurrencies, Bitcoin Price, Adoption
Bitcoin is down 7.63% over the past 30 days. Source: CoinMarketCap

Crypto analyst Ted said that $60,000 “wasn’t the bottom” in an X post on Friday. “This doesn’t mean another 50% crash will happen,” he said, adding that “there’ll be one final capitulation before the bottom.”

Van de Poppe’s optimistic call comes amid sentiment toward the broader crypto market being down. The Crypto Fear & Greed Index, which measures overall sentiment in the crypto market, stayed within “Extreme Fear” territory on Saturday, recording a score of 11.

“Deeper bear” for Bitcoin still on the cards

While van de Poppe is watching for a potential reversal as Bitcoin continues to consolidate, other analysts are more skeptical.

Bitcoin analyst Willy Woo said in an X post on Mar. 30 that there is a “very good chance we get a deeper bear due to a breakdown of the secular bull market in global macro.”

Related: Bitcoin ‘done’ with 85% crashes, says Cathie Wood amid new $34K target

Advertisement

Meanwhile, veteran trader Peter Brandt recently told Cointelegraph that he doesn’t anticipate Bitcoin reaching a new price high in 2026.

“Not until maybe the second quarter of 2027,” he added.

Magazine: Your guide to surviving this mini-crypto winter