X (formerly Twitter) will automatically lock accounts when users post about cryptocurrency for the first time until verification is completed.

The company expects this measure to reduce scams in the sector by 99%, according to its statement.

How the verification will work

Under the proposal, an account flagged for an initial cryptocurrency post will be suspended automatically pending identity or account verification.

X did not disclose detailed criteria or exact verification steps, and the timeline for rolling out the feature remains unspecified.

Intended effect and concerns

Company representatives say the approach aims to limit impersonation, spam, and fraudulent solicitations that often target new and casual users.

Cybersecurity experts caution that automated locks may hinder legitimate discourse and could be circumvented by determined bad actors using alternate accounts.

Key points

• Automatic account lock triggers on a user's first post mentioning cryptocurrency, remaining in place until verification is completed.
• Verification scope and acceptable documents were not detailed; the company will define requirements during pilot phases.
• X projects a reduction of scams by 99%, a figure presented by the company in initial briefings.

Next steps

X plans to begin testing the verification gate with a subset of accounts before any broad deployment, officials said.

Observers will watch for metrics on false positives, user complaints, and the actual impact on reported scam volumes after implementation.

Social platforms have historically struggled to balance free expression with consumer protection when combating financial fraud and misleading offers.

X's proposal represents a stricter stance that will be assessed by regulators, users, and industry groups as it moves toward production.