X’s Global Government Affairs team announced on September 19, 2025, that it had uncovered a bribery network attempting to reinstate accounts suspended for crypto scams and platform manipulation. According to the company, middlemen were used to approach employees with bribe offers on behalf of scammers whose accounts had previously been banned. The announcement comes after a year marked by rising crypto-related phishing attacks and more than $2.1 billion in losses recorded in early 2025. X also reported suspending over 335 million abusive accounts in late 2024, indicating the scale of efforts to combat misuse of the platform. Users responded positively to the latest crackdown, though many called for greater transparency and stronger protections against manipulation. X Says Global Crime Ring Tried to Corrupt Employees In its official statement, X said the bribery scheme extended beyond its own ecosystem. The same actors were also targeting other social platforms and gaming communities, including Instagram, TikTok, YouTube, Minecraft, and Roblox. The company identified links to a wider cybercriminal network known as “The Com,” which law enforcement agencies have connected to scams, SIM-swapping, and ransomware activity. “X has exposed and is taking strong action against a bribery network targeting our platform,” the Global Government Affairs account posted. “Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts. Legal proceedings are underway against participants, and we’re fully supporting law enforcement. Our commitment to ensuring our platform’s integrity is absolute.” The company did not confirm whether any employees had accepted bribes but stressed that the network operated through intermediaries, suggesting a structured and organized scheme. X confirmed that it is pursuing legal action against those involved, in coordination with international authorities. The scandal highlights the ongoing challenges faced by X, formerly known as Twitter, which remains a central hub for the crypto community and one of the most widely used platforms for promotion and discussion. Despite multiple enforcement actions, the prevalence of scams on social media continues to undermine trust and raise questions about how effectively platforms can contain coordinated abuse. While Elon Musk, the company’s owner, has not publicly addressed the bribery revelations, the announcement signals X’s attempt to reinforce confidence in its integrity at a time of heightened scrutiny over crypto crime. The company emphasized that its enforcement measures will continue, with legal and technical steps aimed at shutting down attempts to manipulate the platform. Crypto Theft at Core of Cybercrime Ecosystem Exposed by X Probe The bribery network exposed by X has drawn renewed attention to “The Com,” an international cybercriminal ecosystem identified by law enforcement as a major driver of online fraud. In July, the Federal Bureau of Investigation (FBI) issued a public warning about one of its subgroups, Hacker Com, describing it as a technically skilled community engaged in a wide range of cyber offenses, including phishing, ransomware, SIM swapping, and cryptocurrency theft. The FBI noted that many of the group’s members are minors and often operate across multiple platforms. Hacker Com actors are known to sell services, steal funds to finance further crimes, and even target one another in disputes over cryptocurrency balances or status. Investigators have linked the group to high-profile attacks, with some subgroups extending into real-world violence and extortion. Cryptocurrency theft remains the primary motivator, frequently involving the use of malware, spoofing technology, and encrypted communications to hide identities and cash out stolen funds. The revelations come at a time when X is preparing to expand into financial services through X Money, its upcoming digital wallet in partnership with Visa. While the company pursues legal action against those involved in the bribery plot, regulators are likely to scrutinize its growing role in online finance and securityX’s Global Government Affairs team announced on September 19, 2025, that it had uncovered a bribery network attempting to reinstate accounts suspended for crypto scams and platform manipulation. According to the company, middlemen were used to approach employees with bribe offers on behalf of scammers whose accounts had previously been banned. The announcement comes after a year marked by rising crypto-related phishing attacks and more than $2.1 billion in losses recorded in early 2025. X also reported suspending over 335 million abusive accounts in late 2024, indicating the scale of efforts to combat misuse of the platform. Users responded positively to the latest crackdown, though many called for greater transparency and stronger protections against manipulation. X Says Global Crime Ring Tried to Corrupt Employees In its official statement, X said the bribery scheme extended beyond its own ecosystem. The same actors were also targeting other social platforms and gaming communities, including Instagram, TikTok, YouTube, Minecraft, and Roblox. The company identified links to a wider cybercriminal network known as “The Com,” which law enforcement agencies have connected to scams, SIM-swapping, and ransomware activity. “X has exposed and is taking strong action against a bribery network targeting our platform,” the Global Government Affairs account posted. “Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts. Legal proceedings are underway against participants, and we’re fully supporting law enforcement. Our commitment to ensuring our platform’s integrity is absolute.” The company did not confirm whether any employees had accepted bribes but stressed that the network operated through intermediaries, suggesting a structured and organized scheme. X confirmed that it is pursuing legal action against those involved, in coordination with international authorities. The scandal highlights the ongoing challenges faced by X, formerly known as Twitter, which remains a central hub for the crypto community and one of the most widely used platforms for promotion and discussion. Despite multiple enforcement actions, the prevalence of scams on social media continues to undermine trust and raise questions about how effectively platforms can contain coordinated abuse. While Elon Musk, the company’s owner, has not publicly addressed the bribery revelations, the announcement signals X’s attempt to reinforce confidence in its integrity at a time of heightened scrutiny over crypto crime. The company emphasized that its enforcement measures will continue, with legal and technical steps aimed at shutting down attempts to manipulate the platform. Crypto Theft at Core of Cybercrime Ecosystem Exposed by X Probe The bribery network exposed by X has drawn renewed attention to “The Com,” an international cybercriminal ecosystem identified by law enforcement as a major driver of online fraud. In July, the Federal Bureau of Investigation (FBI) issued a public warning about one of its subgroups, Hacker Com, describing it as a technically skilled community engaged in a wide range of cyber offenses, including phishing, ransomware, SIM swapping, and cryptocurrency theft. The FBI noted that many of the group’s members are minors and often operate across multiple platforms. Hacker Com actors are known to sell services, steal funds to finance further crimes, and even target one another in disputes over cryptocurrency balances or status. Investigators have linked the group to high-profile attacks, with some subgroups extending into real-world violence and extortion. Cryptocurrency theft remains the primary motivator, frequently involving the use of malware, spoofing technology, and encrypted communications to hide identities and cash out stolen funds. The revelations come at a time when X is preparing to expand into financial services through X Money, its upcoming digital wallet in partnership with Visa. While the company pursues legal action against those involved in the bribery plot, regulators are likely to scrutinize its growing role in online finance and security

X Exposes Massive Bribe Scandal to Restore Suspended Crypto Accounts

X’s Global Government Affairs team announced on September 19, 2025, that it had uncovered a bribery network attempting to reinstate accounts suspended for crypto scams and platform manipulation.

According to the company, middlemen were used to approach employees with bribe offers on behalf of scammers whose accounts had previously been banned.

The announcement comes after a year marked by rising crypto-related phishing attacks and more than $2.1 billion in losses recorded in early 2025.

X also reported suspending over 335 million abusive accounts in late 2024, indicating the scale of efforts to combat misuse of the platform.

Users responded positively to the latest crackdown, though many called for greater transparency and stronger protections against manipulation.

X Says Global Crime Ring Tried to Corrupt Employees

In its official statement, X said the bribery scheme extended beyond its own ecosystem. The same actors were also targeting other social platforms and gaming communities, including Instagram, TikTok, YouTube, Minecraft, and Roblox.

The company identified links to a wider cybercriminal network known as “The Com,” which law enforcement agencies have connected to scams, SIM-swapping, and ransomware activity.

“X has exposed and is taking strong action against a bribery network targeting our platform,” the Global Government Affairs account posted.

“Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts.

Legal proceedings are underway against participants, and we’re fully supporting law enforcement. Our commitment to ensuring our platform’s integrity is absolute.”

The company did not confirm whether any employees had accepted bribes but stressed that the network operated through intermediaries, suggesting a structured and organized scheme. X confirmed that it is pursuing legal action against those involved, in coordination with international authorities.

The scandal highlights the ongoing challenges faced by X, formerly known as Twitter, which remains a central hub for the crypto community and one of the most widely used platforms for promotion and discussion.

Despite multiple enforcement actions, the prevalence of scams on social media continues to undermine trust and raise questions about how effectively platforms can contain coordinated abuse.

While Elon Musk, the company’s owner, has not publicly addressed the bribery revelations, the announcement signals X’s attempt to reinforce confidence in its integrity at a time of heightened scrutiny over crypto crime.

The company emphasized that its enforcement measures will continue, with legal and technical steps aimed at shutting down attempts to manipulate the platform.

Crypto Theft at Core of Cybercrime Ecosystem Exposed by X Probe

The bribery network exposed by X has drawn renewed attention to “The Com,” an international cybercriminal ecosystem identified by law enforcement as a major driver of online fraud.

In July, the Federal Bureau of Investigation (FBI) issued a public warning about one of its subgroups, Hacker Com, describing it as a technically skilled community engaged in a wide range of cyber offenses, including phishing, ransomware, SIM swapping, and cryptocurrency theft.

The FBI noted that many of the group’s members are minors and often operate across multiple platforms. Hacker Com actors are known to sell services, steal funds to finance further crimes, and even target one another in disputes over cryptocurrency balances or status.

Investigators have linked the group to high-profile attacks, with some subgroups extending into real-world violence and extortion.

Cryptocurrency theft remains the primary motivator, frequently involving the use of malware, spoofing technology, and encrypted communications to hide identities and cash out stolen funds.

The revelations come at a time when X is preparing to expand into financial services through X Money, its upcoming digital wallet in partnership with Visa.

While the company pursues legal action against those involved in the bribery plot, regulators are likely to scrutinize its growing role in online finance and security.

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 [email protected] 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

Shiba Inu Price Stalls Near Lows – What Could Matter in 2026 For SHIB To Takeoff?

Shiba Inu Price Stalls Near Lows – What Could Matter in 2026 For SHIB To Takeoff?

Shiba Inu has had a tough year, and its not hiding on the chart. TheCryptoBasic shared on X that the SHIB price has printed its first-ever weekly death cross in
Share
Coinstats2025/12/25 06:00
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Grayscale ETF Tracking XRP, Solana and Cardano to Hit Wall Street After SEC Pause

Grayscale ETF Tracking XRP, Solana and Cardano to Hit Wall Street After SEC Pause

The post Grayscale ETF Tracking XRP, Solana and Cardano to Hit Wall Street After SEC Pause appeared on BitcoinEthereumNews.com. In brief The SEC said that Grayscale’s Digital Large Cap Fund conversion into an ETF is approved for listing and trading. The fund tracks the price of Bitcoin, Ethereum, Solana, XRP, and Cardano. Other ETFs tracking XRP and Dogecoin began trading on Thursday. An exchange-traded fund from crypto asset manager Grayscale that tracks the price of XRP, Solana, and Cardano—along with Bitcoin and Ethereum—was primed for its debut on the New York Stock Exchange, following long-sought approval from the SEC.  In an order on Wednesday, the regulator permitted the listing and trading of Grayscale’s Digital Large Cap Fund (GDLC), following an indefinite pause in July. The SEC meanwhile approved of generic listing standards for commodity-based products, paving the way for other crypto ETFs. A person familiar with the matter told Decrypt that GDLC is expected to begin trading on Friday. Unlike spot Bitcoin and Ethereum ETFs that debuted in the U.S. last year, GDLC is modeled on an index tracking the five largest and most liquid digital assets. Bitcoin represents 72% of the fund’s weighting, while Ethereum makes up 17%, according to Grayscale’s website. XRP, Solana, and Cardano account for 5.6%, 4%, and 1% of the fund’s exposure, respectively.  “The Grayscale team is working expeditiously to bring the FIRST multi-crypto asset ETP to market,” CEO Peter Mintzberg said on X on Wednesday, thanking the SEC for its “unmatched efforts in bringing the regulatory clarity our industry deserves.” Decrypt reached out to Grayscale for comment but did not immediately receive a response. Meanwhile, Dogecoin and XRP ETFs from Rex Shares and Osprey funds began trading on Thursday. The funds are registered under the Investment Company Act of 1940, a distinct set of rules compared to the process most asset managers have sought approval for crypto-focused products under. Not long ago,…
Share
BitcoinEthereumNews2025/09/19 04:19