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X Exposes Bribery Network Targeting Crypto Scam Account Reinstatements

X Exposes Bribery Network Targeting Crypto Scam Account Reinstatements

Published:
2025-09-20 02:17:01
18
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BTCCSquare news:

X's Global Government Affairs team revealed on September 19, 2025, a coordinated bribery scheme attempting to restore suspended accounts linked to crypto scams. Middlemen offered bribes to employees on behalf of bad actors, with the operation extending to platforms like Instagram, TikTok, and gaming communities.

The disclosure follows a surge in crypto-related phishing attacks, with over $2.1 billion in losses recorded earlier in the year. X reported suspending 335 million abusive accounts in late 2024, underscoring the scale of its anti-manipulation efforts.

While users applauded the crackdown, calls for enhanced transparency and safeguards against platform exploitation grew louder. The company emphasized its commitment to rooting out systemic corruption across digital ecosystems.

|Square

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