Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Singapore Gulf Bank taps Standard Chartered for digital asset payment corridors

    May 12, 2026

    61% of USDD collateral now in one vault — funded entirely by HTX

    May 12, 2026

    SharpLink’s ETH yield push grows after $12.1M Q1 revenue

    May 12, 2026
    X (Twitter) Instagram YouTube LinkedIn
    X (Twitter) Instagram YouTube LinkedIn
    Block Hub News
    • Lithosphere News Releases
    • Crypto
    • Ethereum
    • Bitcoin
      • Litecoin
      • Altcoins
      • Coinbase
    • Blockchain
    Block Hub News
    Home » elon musks x deploys crypto scam kill switch
    Crypto

    elon musks x deploys crypto scam kill switch

    James WilsonBy James WilsonApril 3, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link



    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.”

    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.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    James Wilson

    Related Posts

    Singapore Gulf Bank taps Standard Chartered for digital asset payment corridors

    May 12, 2026

    SharpLink’s ETH yield push grows after $12.1M Q1 revenue

    May 12, 2026

    Morgan Stanley launches crypto price war on ETrade

    May 12, 2026
    Leave A Reply Cancel Reply

    Demo
    Top Posts

    fewer side events, more AI agents and builder focus

    March 13, 2026

    How AI Certifications Help Professionals Stay Relevant in 2026

    March 14, 2026

    Why FLOW price is up over 50% today after Upbit and Bithumb delisting announcement

    March 14, 2026

    KaJ Labs Unveils Lithic Developer Stack for AI Applications, Games, and Enterprise Systems

    March 14, 2026
    Don't Miss

    Singapore Gulf Bank taps Standard Chartered for digital asset payment corridors

    By James WilsonMay 12, 2026

    Singapore Gulf Bank has entered a strategic banking partnership with Standard Chartered to strengthen cross-border…

    61% of USDD collateral now in one vault — funded entirely by HTX

    May 12, 2026

    SharpLink’s ETH yield push grows after $12.1M Q1 revenue

    May 12, 2026

    Bitcoin dropped to $0.019 on Revolut today

    May 12, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Singapore Gulf Bank taps Standard Chartered for digital asset payment corridors

    May 12, 2026

    61% of USDD collateral now in one vault — funded entirely by HTX

    May 12, 2026

    SharpLink’s ETH yield push grows after $12.1M Q1 revenue

    May 12, 2026
    Most Popular

    fewer side events, more AI agents and builder focus

    March 13, 2026

    How AI Certifications Help Professionals Stay Relevant in 2026

    March 14, 2026

    Why FLOW price is up over 50% today after Upbit and Bithumb delisting announcement

    March 14, 2026

    Type above and press Enter to search. Press Esc to cancel.