HomeNewsCrypto projects abandon Discord amid scam surge and enterprise shift, risking retail...

Crypto projects abandon Discord amid scam surge and enterprise shift, risking retail exile

-

Over the past week, Optimism and Morpho set their Discord servers to read-only after rising scams and harassment drove community leaders to act. Project teams said scammers impersonated staff and lured users into phishing attacks, prompting the change to protect users and reduce risk.

According to Merlin Egalite on X, “Discord is actually full of scammers.” Teams also reported users being phished while seeking legitimate help.

Discord has rolled out new protections and policy updates, including an expanded deceptive-practices definition and enhanced anti-spam tools, as stated and explained. Despite those measures, some projects found the platform inadequate for safety needs.

The pseudonymous founder of DefiLlama said the team is shifting support toward live chat and email, and warned of persistent direct-message scams in user inboxes, as seen in this post. “Discord makes it impossible to protect your users from getting scammed,” the founder wrote.

Morpho moved users to a help page and an intercom system to cut scam exposure. Optimism cited a move toward enterprise communication and governance needs in a staff post, as stated.

The migration away from open servers may improve security and suit institutional partners. (Ed. note: This shift could reduce participation from retail users who prefer Discord.)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Stablecoins surge in Africa, cutting remittance costs and becoming more important than aid

Vera Songwe said stablecoins are increasingly used across Africa as a cheaper, faster remittance option while speaking in Davos on Thursday at a World Economic...

Intel stock plunges 17% after weak Q1 guidance, supply constraints dent 2026 outlook on AI

Shares of Intel (ticker INTC) fell about 17% on Friday after earnings. The company posted stronger fourth-quarter results but gave weak Q1 2026 guidance. Intel forecast...

RAIN Token Surges 11% on Institutional Buying and Privacy Push

The nature-themed cryptocurrency Rain rallied over 11% in 24 hours, extending its January gains beyond 25%. The surge comes as institution RADR Labs acquired...

Bloomberg’s Mike McGlone turns bearish on Bitcoin, urges ‘sell the rallies’ across 2026…

Mike McGlone, an intelligence strategist, reversed his long-term view on Bitcoin and the broader crypto market. He urged investors to "sell the rallies" across risk...

Most Popular

spot_img