X (Twitter) Targets Scams by Locking First-Time Crypto Posts

BeInCrypto2026/04/02 18:12

By:BeInCrypto

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X (formerly Twitter) is moving to automatically lock accounts that suddenly post about crypto for the first time, in a bid to curb a growing wave of hacks and scam promotions on the platform. Product lead Nikita Bier said the system will flag accounts with no prior crypto activity that begin promoting tokens, triggering identity verification before further posts. The feature specifically targets a common attack pattern where hackers take over high-follower accounts and use them to push meme coins or phishing links. The change reflects a broader crackdown on crypto-related spam, which has surged in recent months. Hacked accounts promoting tokens have become one of the most reliable scam vectors on X, often exploiting audience trust to drive quick liquidity before disappearing. In practice, the update treats sudden crypto activity as suspicious by default. That could reduce large-scale phishing campaigns but may also catch legitimate users posting about crypto for the first time. Reaction has been split. Some users see it as a necessary step to clean up crypto Twitter and protect users from scams. Others argue it introduces excessive control, raising concerns about censorship and how platforms define normal behavior.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51