Social media platform X is preparing a new security measure aimed at shutting down a widespread form of crypto phishing that leverages hijacked accounts to promote scam tokens.

The company will soon auto-lock any account that mentions cryptocurrency for the first time in its history, according to the company’s Head of Product Nikita Bier. Users will need to go through additional verification before being allowed to post again.

Bier said the feature targets the core incentive behind these attacks. “This should kill 99% of the incentive,” he wrote, referring to the current wave of phishing that tricks users into giving up their credentials, then uses their accounts to push crypto scams.

The change was unveiled in response to a detailed…