X to block accounts' first crypto posts to fight phishing

Social media platform X plans to introduce a new security measure to curb the spread of cryptocurrency phishing scams, CoinDesk reported. According to Nikita Bier, Head of Product at X, accounts will be automatically blocked when they make their first-ever crypto-related post. To resume posting, users will need to complete an additional verification process. Bier stated that this measure is expected to eliminate most of the root causes behind the proliferation of crypto scams.