X's New Crypto Scam Defense: Auto-Locking Accounts
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
X introduces a new defense against crypto scams, auto-locking accounts that mention cryptocurrency for the first time. This move aims to eliminate ninety-nine percent of hackers incentive to steal accounts for promoting fake tokens. The new feature comes after a users account was hijacked through a phishing email, leading to a series of crypto scams. X has been plagued by account takeovers for years, with hackers running double-your-money schemes, fake memecoin drops, and impersonating high-profile accounts. Bier blames Google for not blocking phishing emails and hopes the new lock-in feature will end crypto spam.
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