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

Ethereum Options Expiry Shows Risks Below $2,900

Ethereum Options Expiry Shows Risks Below $2,900

The post Ethereum Options Expiry Shows Risks Below $2,900 appeared on BitcoinEthereumNews.com. Ether (ETH) has been unable to sustain prices above $3,400 for the
Share
BitcoinEthereumNews2025/12/25 10:24
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Understanding the specific tax exemption proposal's scope, mechanics, and limitations provides foundation for evaluating feasibility and implications. The exemption presumably covers capital gains taxes on cryptocurrency appreciation at state level, though personal income tax and corporate tax treatment requires clarification. Scope questions include whether exemption applies to trading profits, mining income, staking rewards, DeFi yields, NFT sales, and business cryptocurrency revenue.
Share
MEXC NEWS2025/12/25 11:47