Crypto projects like Morpho and Optimism have shifted their Discord servers to read-only modes due to phishing scams, impacting communication on platforms, according to leaders on X.
This highlights growing security concerns within crypto, as moderation fails against scams, prompting channels to favor private, controlled communications to protect users and projects.
The Growing Threat of Scams on Discord
Morpho, Optimism, and other crypto projects are modifying their Discord channels to counteract growing scam activity. Despite stringent moderation, the increase in scams has pushed the projects to pursue more secure communication methods.
Crypto leaders like Merlin Egalite and 0xngmi criticize Discord's vulnerability to scams. The platforms, once central to community interactions, become read-only or closed, redirecting users to safer channels.
Prioritizing Secure Communication in the DeFi Sector
The decision to limit Discord usage is intended to provide secure interactions. The DeFi sector sees a rising concern over user data and funds security amid a mature market environment.
The move reflects a prioritization of security over accessibility. Financial impacts of these changes remain unreported, though focus seems to shift to enterprise and institutional engagement over community-driven growth.
Discord makes it impossible to protect your users from getting scammed. — 0xngmi, Founder, DefiLlama
Shifting Towards Controlled Interactions and Alternative Channels
Discord, once vital for broader community engagement, now risks leaving traditional users behind. The space pivots towards more controlled interactions as crypto projects explore alternative channels like Telegram.
Historical trends show similar shifts, with projects turning to closed ecosystems post-security breaches. Future options appear limited to smaller user base interactions favoring institutions, potentially affecting community feedback avenues.