Social Media Giants Combat Cryptocurrency Scam Networks
Cryptocurrency scammers are escalating their tactics, now targeting employees at major platforms through bribery schemes. Elon Musk's X (formerly Twitter) recently exposed a network attempting to pay intermediaries for reinstating suspended accounts involved in crypto fraud. The operation spans multiple platforms including Instagram, TikTok, YouTube, and gaming ecosystems like Roblox.
Global Government Affairs, X's regulatory division, confirmed ongoing legal actions against groups tied to organized crime. The company emphasized zero tolerance for platform manipulation, particularly scams exploiting cryptocurrency communities. Similar infiltration attempts were detected at YouTube and TikTok, highlighting cross-platform vulnerability to financial cybercrime.
