X Investigates Employee Bribery Scandal Linked to Crypto Scams

Elon Musk's social media platform X, formerly Twitter, has uncovered a bribery network targeting its employees to reinstate suspended accounts tied to cryptocurrency scams. The company confirmed it is pursuing legal action against the perpetrators, who allegedly paid intermediaries to influence platform moderators.

The scandal highlights the persistent challenge of crypto-related fraud on social media. X serves as a major hub for digital asset promotion, attracting both legitimate projects and bad actors seeking to manipulate markets. Platform integrity teams routinely suspend accounts engaged in pump-and-dump schemes and other fraudulent activities.

While the scale of the bribery operation remains unclear, X's Global Government Affairs team disclosed the scheme involved coordinated efforts across multiple online platforms. The company's swift response demonstrates its commitment to platform security amid growing regulatory scrutiny of social media's role in crypto markets.