The post X now auto-locks accounts posting about crypto for the first time appeared on BitcoinEthereumNews.com.

Elon Musk’s X is now locking user accounts the second they post about cryptocurrency for the first time. Users have to verify their identity before they can post again. The company says it’s going after hackers who break into accounts and use them to push fake investment schemes. Nikita Bier runs product development at X. He said the system triggers whenever an account mentions crypto for the first time ever. The change “should kill 99% of the incentive” for criminals stealing accounts, according to Bier. He replied under an X post of the victim who got fooled by what looked like a real copyright notice. It was actually a fake login page. After entering their password and security codes, attackers grabbed the accounts, locked them out, and started posting scam promotions. Account theft like this has been a problem since the platform was still called Twitter. The new lockdown builds on earlier efforts to stop spam networks and organized groups running crypto promotions. Bier also criticized Google. He said the email company isn’t doing anything to stop phishing messages from getting through Gmail. He called the auto-lock a workaround for a problem X can’t fix directly. Crypto scams drain $6.1 billion as reports surge past 2024 levels The Federal Trade Commission has been tracking crypto scams on social media. They’ve become a multi-billion-dollar problem. Victims usually can’t get their money back because you can’t reverse blockchain transactions. That’s why stolen accounts with followers are so valuable to criminals. People trust posts from accounts they recognize. The lockdown breaks that by stopping scammers from using a stolen account immediately. Through the first nine months of 2025, people reported 113,842 investment scams. Total losses hit $6.1 billion. That puts 2025 on pace to beat 2024, when 121,000 scams got reported with $5.8…

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Filed under: News - @ April 4, 2026 8:10 pm