X (formerly Twitter) announced it will lock accounts posting crypto content for the first time and require identity verification checks. According to product lead Nikita Bier, this measure specifically targets cryptocurrency scams that have proliferated on the platform. The new verification requirement represents a significant policy shift aimed at reducing fraudulent crypto-related content and protecting users from common scam tactics.
This development comes as the crypto industry faces increased scrutiny over security and consumer protection. The measure follows other recent regulatory and platform-level actions to combat crypto-related fraud, including various jurisdictions implementing stricter oversight of digital asset communications and advertising. The verification requirement may impact how crypto projects and legitimate participants communicate on the platform, potentially requiring additional authentication steps for crypto-focused accounts.
