According to cybersecurity researcher ZachXBT, the feature meant to prevent scammers from impersonating legitimate organizations merely created a new black market.
Previously, all verified accounts had blue checkmarks. Now, blue checkmarks indicate that the owner of the account has an X Premium subscription and meets the requirements to display the checkmarks. Government officials, multilateral organizations, and individuals acting as government representatives now qualify for a grey checkmark, while business organizations can qualify for a gold checkmark and a square profile picture.In order to maintain a gold checkmark, organizations must shell out $1,000 a month.
“Spoiler alert: If they make money with it they don’t care. That’s why one can setup a new acc a today, mirror you and if you report it YOU have to prove your are the real one, even they collected your info before. How else are getting fake spacex tokens promo space?”Zach called attention to the growing problem by showcasing 12 accounts he had come across in only 2 days, all of which were impersonating actual businesses by means of gold checkmarks.
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