X, the social media giant owned by Elon Musk, has regularly been making updates to weed out spam and fraud from the platform, and product head Nikita Bier has been at the forefront of the effort.
On Apr. 1, Benjamin White, the founder of the prediction market Predictfully, shared his experience about his X account getting hacked and the hacker posting scam content, including tokens, links, etc.
Worse, the hacker even tried to extort $4,000 from White to return the account. Thankfully, he got back the control of his account after the X team resolved the matter, White shared.
Related: Elon Musk’s X plans new feature for crypto traders
Nonetheless, the Predictfully founder urged Bier to address the widespread issue.
The X product head acknowledged the problem and reassured that the team is in the process of implementing a process of auto-locking and verifying an account that posts about cryptocurrency for the first time in the history of their account.
Since Google isn’t doing anything to stop phishing emails, this process should do the trick and kill 99% of the incentive, Bier claimed.
Another user asked him about crypto scam accounts tagging 50 people at the same time, to which Bier said it should already be blocked. However, a few users still complained about getting tagged in such posts.
This isn’t the first time X has taken steps to crack down on spam and bots, including crypto content.
In January, the platform targeted apps, such as information finance (InfoFi), which turn financial information and user engagement into monetary value. Bier claimed such accounts post a lot of AI slop and reply spam, which is why they are getting targeted. The crypto community largely welcomed the move; however, some users decried financial loss.
However, the social media giant has also taken steps to become more user-friendly by planning Starterpacks. The feature lets new X users find the best accounts as per their interests. There are a few crypto-based Starterpacks too, such as Crypto Founders, Bitcoin Maximalists, etc.
