• bitcoinBitcoin (BTC) $ 70,174.00
  • ethereumEthereum (ETH) $ 3,785.51
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 619.95
  • solanaSolana (SOL) $ 178.51
  • staked-etherLido Staked Ether (STETH) $ 3,782.71
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.534803
  • dogecoinDogecoin (DOGE) $ 0.171495
  • the-open-networkToncoin (TON) $ 6.36
  • cardanoCardano (ADA) $ 0.493825
  • avalanche-2Avalanche (AVAX) $ 41.24
  • shiba-inuShiba Inu (SHIB) $ 0.000026
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 70,184.00
  • tronTRON (TRX) $ 0.123799
  • polkadotPolkadot (DOT) $ 7.69
  • bitcoin-cashBitcoin Cash (BCH) $ 511.95
  • chainlinkChainlink (LINK) $ 16.81
  • nearNEAR Protocol (NEAR) $ 7.79
  • uniswapUniswap (UNI) $ 9.65
  • matic-networkPolygon (MATIC) $ 0.731639
  • litecoinLitecoin (LTC) $ 88.01
  • fetch-aiFetch.ai (FET) $ 2.53
  • internet-computerInternet Computer (ICP) $ 13.25
  • pepePepe (PEPE) $ 0.000014
  • leo-tokenLEO Token (LEO) $ 5.98
  • daiDai (DAI) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 31.57
  • wrapped-eethWrapped eETH (WEETH) $ 3,925.10
  • render-tokenRender (RNDR) $ 11.10
  • hedera-hashgraphHedera (HBAR) $ 0.115773
  • aptosAptos (APT) $ 9.28
  • immutable-xImmutable (IMX) $ 2.50
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,713.66
  • mantleMantle (MNT) $ 1.05
  • filecoinFilecoin (FIL) $ 6.21
  • cosmosCosmos Hub (ATOM) $ 8.79
  • crypto-com-chainCronos (CRO) $ 0.128324
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999277
  • stellarStellar (XLM) $ 0.111959
  • the-graphThe Graph (GRT) $ 0.335326
  • kaspaKaspa (KAS) $ 0.134019
  • arbitrumArbitrum (ARB) $ 1.19
  • blockstackStacks (STX) $ 2.15
  • okbOKB (OKB) $ 51.04
  • optimismOptimism (OP) $ 2.80
  • arweaveArweave (AR) $ 45.01
  • bittensorBittensor (TAO) $ 424.27
  • makerMaker (MKR) $ 3,051.16
  • dogwifcoindogwifhat (WIF) $ 2.77
  • suiSui (SUI) $ 1.14
  • vechainVeChain (VET) $ 0.036430
  • injective-protocolInjective (INJ) $ 27.69
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 138.57
  • theta-tokenTheta Network (THETA) $ 2.49
  • fantomFantom (FTM) $ 0.873721
  • flokiFLOKI (FLOKI) $ 0.000243
  • thorchainTHORChain (RUNE) $ 6.82
  • bonkBonk (BONK) $ 0.000033
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,191.99
  • lido-daoLido DAO (LDO) $ 2.21
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,905.30
  • galaGALA (GALA) $ 0.044311
  • celestiaCelestia (TIA) $ 9.69
  • pyth-networkPyth Network (PYTH) $ 0.471509
  • sei-networkSei (SEI) $ 0.567169
  • jupiter-exchange-solanaJupiter (JUP) $ 1.21
  • coredaoorgCore (CORE) $ 1.82
  • bitget-tokenBitget Token (BGB) $ 1.12
  • algorandAlgorand (ALGO) $ 0.187742
  • whitebitWhiteBIT Coin (WBT) $ 10.04
  • flowFlow (FLOW) $ 0.960618
  • aaveAave (AAVE) $ 97.33
  • starknetStarknet (STRK) $ 1.25
  • quant-networkQuant (QNT) $ 98.16
  • beam-2Beam (BEAM) $ 0.028214
  • bitcoin-svBitcoin SV (BSV) $ 69.01
  • singularitynetSingularityNET (AGIX) $ 1.06
  • akash-networkAkash Network (AKT) $ 5.76
  • ondo-financeOndo (ONDO) $ 0.934784
  • ethenaEthena (ENA) $ 0.872212
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 2.14
  • flare-networksFlare (FLR) $ 0.028854
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.57
  • cheeleeCheelee (CHEEL) $ 20.28
  • axie-infinityAxie Infinity (AXS) $ 7.91
  • neoNEO (NEO) $ 15.98
  • chilizChiliz (CHZ) $ 0.125704
  • elrond-erd-2MultiversX (EGLD) $ 40.67
  • worldcoin-wldWorldcoin (WLD) $ 5.08
  • msolMarinade Staked SOL (MSOL) $ 212.33
  • gatechain-tokenGate (GT) $ 8.18
  • the-sandboxThe Sandbox (SAND) $ 0.467502
  • wormholeWormhole (W) $ 0.577819
  • ecasheCash (XEC) $ 0.000052
  • zebec-protocolZebec Protocol (ZBC) $ 0.019862
  • roninRonin (RON) $ 3.16
  • eosEOS (EOS) $ 0.865118
  • jasmycoinJasmyCoin (JASMY) $ 0.020474
  • kucoin-sharesKuCoin (KCS) $ 10.24
  • tezosTezos (XTZ) $ 0.992457
  • safeSafe (SAFE) $ 2.28
  • pendlePendle (PENDLE) $ 6.33
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,802.00
  • conflux-tokenConflux (CFX) $ 0.239228
  • havvenSynthetix Network (SNX) $ 2.90
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,781.90
  • aioz-networkAIOZ Network (AIOZ) $ 0.851690
  • mina-protocolMina Protocol (MINA) $ 0.831304
  • ordinalsORDI (ORDI) $ 43.84
  • ribbon-financeRibbon Finance (RBN) $ 0.917996
  • book-of-memeBOOK OF MEME (BOME) $ 0.012821
  • decentralandDecentraland (MANA) $ 0.469079
  • gnosisGnosis (GNO) $ 335.10
  • lido-staked-solLido Staked SOL (STSOL) $ 211.68
  • apecoinApeCoin (APE) $ 1.31
  • nexoNEXO (NEXO) $ 1.44
  • heliumHelium (HNT) $ 4.80
  • echelon-primeEchelon Prime (PRIME) $ 19.82
  • frax-etherFrax Ether (FRXETH) $ 3,775.56
  • iotaIOTA (IOTA) $ 0.232693
  • kavaKava (KAVA) $ 0.694896
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.87
  • nervos-networkNervos Network (CKB) $ 0.016995
  • usddUSDD (USDD) $ 0.999326
  • theta-fuelTheta Fuel (TFUEL) $ 0.108979
  • swethSwell Ethereum (SWETH) $ 3,981.75
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,043.00
  • klay-tokenKlaytn (KLAY) $ 0.189697
  • dexeDeXe (DEXE) $ 12.08
  • ocean-protocolOcean Protocol (OCEAN) $ 1.06
  • livepeerLivepeer (LPT) $ 20.79
  • blurBlur (BLUR) $ 0.414547
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.36
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000031
  • axelarAxelar (AXL) $ 0.986435
  • bitcoin-goldBitcoin Gold (BTG) $ 37.58
  • fraxFrax (FRAX) $ 0.998696
  • woo-networkWOO (WOO) $ 0.344833
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000111
  • oasis-networkOasis Network (ROSE) $ 0.092811
  • fasttokenFasttoken (FTN) $ 1.99
  • illuviumIlluvium (ILV) $ 94.84
  • pepecoin-2PepeCoin (PEPECOIN) $ 5.20
  • mantra-daoMANTRA (OM) $ 0.731961
  • tether-goldTether Gold (XAUT) $ 2,424.18
  • dydxdYdX (ETHDYDX) $ 2.14
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 4,100.59
  • osmosisOsmosis (OSMO) $ 0.893772
  • curve-dao-tokenCurve DAO (CRV) $ 0.481563
  • notcoinNotcoin (NOT) $ 0.005605
  • arkhamArkham (ARKM) $ 2.54
  • golemGolem (GLM) $ 0.554980
  • aerodrome-financeAerodrome Finance (AERO) $ 1.21
  • xdce-crowd-saleXDC Network (XDC) $ 0.035853
  • astarAstar (ASTR) $ 0.094667
  • wemix-tokenWEMIX (WEMIX) $ 1.46
  • enjincoinEnjin Coin (ENJ) $ 0.359091
  • memecoin-2Memecoin (MEME) $ 0.027903
  • jito-governance-tokenJito (JTO) $ 4.20
  • superfarmSuperVerse (SUPER) $ 1.13
  • true-usdTrueUSD (TUSD) $ 1.00
  • raydiumRaydium (RAY) $ 1.92
  • iotexIoTeX (IOTX) $ 0.053004
  • 1inch1inch (1INCH) $ 0.424909
  • stader-ethxStader ETHx (ETHX) $ 3,875.02
  • 0x0x Protocol (ZRX) $ 0.570082
  • apenftAPENFT (NFT) $ 0.00000049
  • celoCelo (CELO) $ 0.901257
  • dymensionDymension (DYM) $ 2.80
  • skaleSKALE (SKL) $ 0.092541
  • ether-fiEther.fi (ETHFI) $ 4.13
  • radixRadix (XRD) $ 0.045238
  • ankrAnkr Network (ANKR) $ 0.046495
  • stepnGMT (GMT) $ 0.230590
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.10
  • altlayerAltLayer (ALT) $ 0.339119
  • based-brettBrett (BRETT) $ 0.054110
  • polymeshPolymesh (POLYX) $ 0.432516
  • arcblockArcblock (ABT) $ 4.62
  • mx-tokenMX (MX) $ 4.61
  • zilliqaZilliqa (ZIL) $ 0.024692
  • compound-ethercETH (CETH) $ 75.98
  • metis-tokenMetis (METIS) $ 78.31
  • pax-goldPAX Gold (PAXG) $ 2,410.62
  • rocket-poolRocket Pool (RPL) $ 21.72
  • ravencoinRavencoin (RVN) $ 0.031596
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008642
  • venomVenom (VENOM) $ 0.261719
  • zetachainZetaChain (ZETA) $ 1.62
  • nosanaNosana (NOS) $ 5.15
  • holotokenHolo (HOT) $ 0.002409
  • siacoinSiacoin (SC) $ 0.007410
  • compound-governance-tokenCompound (COMP) $ 62.04
  • project-galaxyGalxe (GAL) $ 3.66
  • terra-luna-2Terra (LUNA) $ 0.605628
  • manta-networkManta Network (MANTA) $ 1.66
  • biconomyBiconomy (BICO) $ 0.529588

On-chain sleuth ZachXBT says X’s controversial ‘not a bot’ fee unlikely to eliminate scams

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On-chain sleuth ZachXBT says X's controversial 'not a bot' fee unlikely to eliminate scams

  cryptoslate.com 49 m

On-chain sleuth ZachXBT says X's controversial 'not a bot' fee unlikely to eliminate scams

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Crypto commentator ZachXBT criticized an annual fee that X now requires from new accounts.

ZachXBT wrote on April 15 that the new policy will not eliminate bot account-driven scams because “hundreds of business verified scam accounts” come online weekly. Scammers reportedly pay thousands of dollars for the fake accounts.

He said that he is not opposed to Elon Musk’s management of X but is not confident that the social media platform understands the extent of the black market for verified accounts.

He also warned that the policy “kills user growth.”

As evidence of the widespread nature of scam accounts, ZachXBT posted a screenshot featuring several fake accounts promising rewards related to the interoperability protocol Wormhole. Many of the fake accounts had gold checkmarks under X’s existing verification policies.

Not a bot fee

X updated its policy on April 15 to require new users to pay a small annual fee before posting, liking, bookmarking, and replying as a spam-prevention measure.

In October 2023, the company began to test the policy in New Zealand and the Philippines with a subscription model called “not a bot,” which included a $1 annual fee. The latest update extends a similar policy to new users in other regions.

Musk, who serves as CTO and executive chairman of X, confirmed and attempted to justify the new policy in a post. He said the new fee grants “write access” on the site and called the policy the “only way to curb the relentless onslaught of bots.”

Musk linked the bot problem to AI and troll farms but did not explicitly address the issue of crypto scams, which have caused significant losses to users.

Public data shows that crypto scams are highly profitable. In October 2023, the US Federal Trade Commission said social media scams brought in $2.7 billion over a multi-year period. Crypto was involved in 53% of social media scams in the first half of 2023.

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