According to Milk Road (@MilkRoadDaily), the ease of setting up accounts on X has significantly increased the risk of impersonator scams, with numerous fake accounts targeting crypto investors and project owners. This trend exposes traders to phishing and fraudulent schemes, potentially resulting in financial losses (source: Milk Road on X, April 29, 2025). Traders are advised to verify account authenticity and exercise heightened caution before following trading signals or engaging with profiles, especially those claiming association with well-known industry names.