X to block accounts at first mention of crypto assets, stepping up anti-phishing measures

JH Kim

Summary

X (formerly Twitter) said it will step up its response to phishing related to virtual assets (cryptocurrencies).
It said it plans to introduce a system that automatically blocks an account if it posts cryptocurrency-related content for the first time.
It said it expects the measure to block key channels through which virtual-asset scams spread.

Forecast Trend Report by Period

Social media platform X (formerly Twitter) is tightening its response to phishing related to virtual assets (cryptocurrencies).

According to CoinDesk, a media outlet specializing in virtual assets, on the 2nd (local time) X plans to introduce a system that automatically blocks an account if it posts cryptocurrency-related content for the first time.

Users will be able to post again only after completing additional verification.

X expects the measure to help cut off key channels through which virtual-asset scams spread.