X exposes bribery ring behind suspended crypto scam accounts

X, Elon Musk’s social media platform formerly known as Twitter, has uncovered a bribery network attempting to manipulate the platform’s systems. The company revealed that suspended accounts tied to cryptocurrency scams tried to use bribery to get reinstated.

The campaign reportedly extends beyond X, with similar tactics identified on Instagram, YouTube, and TikTok. Investigations link the bribery efforts to organized cybercrime groups, including one infamous network known as “the Com.”

“Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts,” said X’s Global Government Affairs team.

Legal actions underway amid crackdown

X confirmed it has initiated legal proceedings against those involved in the bribery scheme. While details such as the number of employees approached or financial figures were not disclosed, the company emphasized its internal controls and platform integrity remain secure.

“Our commitment to ensuring our platform’s integrity is absolute,” X’s Global Government Affairs added, underscoring a zero-tolerance stance toward any attempts to circumvent platform rules.

Recurring challenge of crypto scams on social media

X has a history of crypto-related security challenges. Notably, in July 2020, the platform suffered the “Celebrity Bitcoin Hack,” where attackers hijacked high-profile accounts, including Elon Musk’s and Bill Gates’, to promote fraudulent Bitcoin giveaways.

More recently, X has struggled with widespread bot networks pretending to be prominent crypto executives, further complicating efforts to prevent scams. Critics argue the platform must continue enhancing defenses to safeguard its users.

As crypto scams persist across social media, platforms like X face growing pressure from users and regulators to bolster security measures. X promises ongoing improvements, including stronger account verification and monitoring procedures, to combat the problem.