Social media platform X is contemplating new regulations for first-time user posts about cryptocurrencies to combat phishing scams. Nikita Bier, head of product at X, announced the potential measures following a scam involving a fake report of the death of Jonathan, a 193-year-old tortoise. The scammer, posing as a veterinarian, deceived users into purchasing a Solana-based memecoin, which surged over 6,000% before plummeting. Bier suggested that X could automatically lock accounts mentioning crypto for the first time and require verification to deter scammers. The scam, which linked to the memecoin JONATHAN, was exposed by the BBC and other outlets, revealing the tortoise is alive. The real veterinarian, Joe Hollins, confirmed the scam, emphasizing the need for vigilance against such fraudulent activities on social media.