X Mulls New Rules for First-Time Crypto Posts Amid Tortoise Scam
X is considering new rules for first-time crypto posts to combat scams, following an incident involving a fake report of a tortoise's death.Summary
Social media platform X is contemplating new measures to curb cryptocurrency scams, specifically targeting first-time posters. This decision comes after a scammer impersonated the veterinarian of Jonathan, a 193-year-old tortoise, falsely announcing his death and promoting a Solana-based memecoin called JONATHAN. The token's price surged over 6,000% before plummeting. Nikita Bier, X's head of product, suggested auto-locking accounts making first-time crypto mentions and requiring verification to deter scammers, citing the ineffectiveness of Google in stopping phishing attempts. The scam involved a fake death report of Jonathan posted on X, with the imposter soliciting crypto donations. While impersonating an animal is unusual, creating memecoins based on public figures is a common tactic among scammers.
(Source：Cointelegraph)