Can I still post about crypto on X?

Yes, but X is testing restrictions that would auto-lock accounts mentioning crypto for the first time and require verification. These are still in the planning phase and may not roll out to all users immediately.

How did the Jonathan memecoin scam work?

A scammer impersonated veterinarian Joe Hollins and posted that Jonathan (a 193-year-old tortoise) had died, then linked to a Solana-based memecoin named JONATHAN. The token surged 6,000% before the scam was exposed by news outlets confirming the tortoise was alive.

Will this new rule stop crypto scams on X?

Probably not entirely. Bier himself admitted it could kill "99% of the incentive," but most sophisticated scammers use hacked or verified accounts, not brand new ones. The real vulnerability is phishing emails giving scammers account access in the first place.

🔗 Crypto & Blockchain

X's Crypto Crackdown Won't Stop the Scammers—Here's Why

Elon Musk's X just announced new rules to block first-time crypto posts. The timing is hilariously bad—a scammer literally impersonated a veterinarian to sell fake Jonathan the tortoise coins.

Fintech Dose Apr 03, 2026 4 min read

Screenshot of fake Jonathan tortoise death post and Solana memecoin chart showing 6000% pump before crash

⚡ Key Takeaways

X's new crypto post restrictions are reactive theater—they don't address how scammers actually operate (hacking existing accounts and impersonating verified users) 𝕏
The Jonathan tortoise memecoin scam proved that absurd ideas can still move millions in minutes, exposure happens after the money's gone 𝕏
Real problem isn't X's moderation; it's email phishing and password security—domains X can't control 𝕏

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Fintech Dose

Markets. Money. Innovation.

#Jonathan tortoise #X crypto policy #account security #memecoin scams #social media fraud

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Originally reported by Cointelegraph

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