European regulators just dropped a bombshell—slapping a €120 million fine on X for what they're calling a "deceptive" verification system. This marks the first-ever penalty under the Digital Services Act, and it's not small change. The blue checkmark chaos? Apparently crossed a line. Regulators argued the system misled users about account authenticity, creating confusion across the platform. For those tracking regulatory trends in tech and social platforms, this sets a precedent. The DSA's enforcement teeth are real, and platforms better take compliance seriously. Could this ripple into how Web3 projects handle identity verification? Worth watching.