The post X Takes Legal Action Against Crypto Scamming Network’s Bribery Scheme appeared on BitcoinEthereumNews.com. In brief Social media platform X says it’s taking legal action against some banned accounts. The accounts in question allegedly bribed X employees to regain access to the platform. Some of the accounts in question were crypto scammers, X said. Social media platform X is taking legal action against banned users, including crypto scammers, who have tried to bribe the company’s employees to regain access to the website, the company said in an announcement Friday. The platform, formerly known as Twitter, said that the bribery network was linked to wider criminal organizations.  X added that it was working with law enforcement. The company did not reveal much else about the nature of the banned accounts. Decrypt reached out to X for comment.  “X has exposed and is taking strong action against a bribery network targeting our platform,” read the announcement. “Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts.” It added: “These perpetrators exploit social media platforms like Instagram, TikTok, YouTube, Minecraft, and Roblox and are linked to wider criminal organizations, including ‘The Com.'” X has exposed and is taking strong action against a bribery network targeting our platform. Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts. These perpetrators exploit social… — Global Government Affairs (@GlobalAffairs) September 19, 2025 The Federal Bureau of Investigation in July warned of “a growing and evolving online threat group known as The Com,” adding that the network was mainly made up of minors and worked to commit cyber crimes.  “The sophistication of The Com criminal activity has grown over the last four years, with subjects employing increasingly complex methods to mask their identities, hide financial transactions, and launder money,”… The post X Takes Legal Action Against Crypto Scamming Network’s Bribery Scheme appeared on BitcoinEthereumNews.com. In brief Social media platform X says it’s taking legal action against some banned accounts. The accounts in question allegedly bribed X employees to regain access to the platform. Some of the accounts in question were crypto scammers, X said. Social media platform X is taking legal action against banned users, including crypto scammers, who have tried to bribe the company’s employees to regain access to the website, the company said in an announcement Friday. The platform, formerly known as Twitter, said that the bribery network was linked to wider criminal organizations.  X added that it was working with law enforcement. The company did not reveal much else about the nature of the banned accounts. Decrypt reached out to X for comment.  “X has exposed and is taking strong action against a bribery network targeting our platform,” read the announcement. “Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts.” It added: “These perpetrators exploit social media platforms like Instagram, TikTok, YouTube, Minecraft, and Roblox and are linked to wider criminal organizations, including ‘The Com.'” X has exposed and is taking strong action against a bribery network targeting our platform. Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts. These perpetrators exploit social… — Global Government Affairs (@GlobalAffairs) September 19, 2025 The Federal Bureau of Investigation in July warned of “a growing and evolving online threat group known as The Com,” adding that the network was mainly made up of minors and worked to commit cyber crimes.  “The sophistication of The Com criminal activity has grown over the last four years, with subjects employing increasingly complex methods to mask their identities, hide financial transactions, and launder money,”…

X Takes Legal Action Against Crypto Scamming Network’s Bribery Scheme

In brief

  • Social media platform X says it’s taking legal action against some banned accounts.
  • The accounts in question allegedly bribed X employees to regain access to the platform.
  • Some of the accounts in question were crypto scammers, X said.

Social media platform X is taking legal action against banned users, including crypto scammers, who have tried to bribe the company’s employees to regain access to the website, the company said in an announcement Friday.

The platform, formerly known as Twitter, said that the bribery network was linked to wider criminal organizations. 

X added that it was working with law enforcement. The company did not reveal much else about the nature of the banned accounts. Decrypt reached out to X for comment. 

“X has exposed and is taking strong action against a bribery network targeting our platform,” read the announcement. “Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts.”

It added: “These perpetrators exploit social media platforms like Instagram, TikTok, YouTube, Minecraft, and Roblox and are linked to wider criminal organizations, including ‘The Com.'”

The Federal Bureau of Investigation in July warned of “a growing and evolving online threat group known as The Com,” adding that the network was mainly made up of minors and worked to commit cyber crimes. 

“The sophistication of The Com criminal activity has grown over the last four years, with subjects employing increasingly complex methods to mask their identities, hide financial transactions, and launder money,” the FBI’s statement said. 

Social media platform X is no stranger to crypto scammers. In 2020, when it was Twitter and owned by Jack Dorsey, criminals hacked a number of celebrity and brand accounts—including former President Barack Obama, Apple, Uber, and rapper Kanye West—to push a Bitcoin scam.

Last year, hackers targeted high-profile accounts to push a Solana-based meme token, compromising the accounts of computer brand Lenovo’s India division, film director Oliver Stone, and Brazilian soccer player Neymar Jr. 

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source: https://decrypt.co/340497/x-legal-action-crypto-scamming-bribery-scheme

Market Opportunity
null Logo
null Price(null)
--
----
USD
null (null) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
Why Smart Talent Acquisition Leaders are Choosing Nearshore Over Offshore: The 2026 Talent Geography Playbook

Why Smart Talent Acquisition Leaders are Choosing Nearshore Over Offshore: The 2026 Talent Geography Playbook

Last quarter, I watched a director of engineering at a Series B startup spend three weeks trying to fill a temporary Senior Backend Engineer role. The rate? $89
Share
Techbullion2026/01/21 06:13
Fed Finally Cuts Interest Rates – Crypto Boom is About to Begin

Fed Finally Cuts Interest Rates – Crypto Boom is About to Begin

The federal funds rate now stands in a range of 4.00% to 4.25%, a level that reflects a delicate balancing […] The post Fed Finally Cuts Interest Rates – Crypto Boom is About to Begin appeared first on Coindoo.
Share
Coindoo2025/09/18 02:01