TLDR
- X exposes a bribery network linked to crypto scams targeting the platform.
- Suspended accounts tried bribing X employees to regain access to the platform.
- The criminal group “The Com” is connected to bribery and online fraud activities.
- X strengthens internal controls and partners with law enforcement on the case.
Social media platform X, under Elon Musk’s leadership, has announced strong legal actions against a bribery network tied to crypto scams. This crackdown follows reports that banned accounts, involved in crypto fraud and manipulation, attempted to bribe company employees to regain access to the platform. X says the network is linked to criminal organizations that exploit users across multiple online platforms. The company is working closely with law enforcement to address the issue.
X Exposes Bribery Network Targeting Employees
X revealed that suspended accounts, primarily involved in crypto scams, tried to pay middlemen to convince employees to lift their bans. The platform, formerly known as Twitter, stressed that these efforts were part of an organized and illicit network operating across several social media platforms.
“The bribery network targeted our platform by attempting to bribe employees to reinstate suspended accounts,” the company stated in a recent announcement. X explained that many of these accounts were associated with scams, including cryptocurrency frauds. The individuals behind these accounts were looking for ways to bypass standard reinstatement procedures.
In addition to crypto scams, these offenders were involved in platform manipulation, affecting the integrity of the site. X has promised to take strong action against anyone connected to the bribery efforts.
The Com Group Linked to Crypto Fraud
X also revealed that the bribery network had connections to criminal organizations, particularly a group known as “The Com.” This network is notorious for its involvement in online scams and cybercrimes. It primarily consists of minors but has grown in sophistication, making it harder for authorities to track and dismantle.
The FBI issued a warning about The Com in July, noting that the group had developed advanced methods for money laundering, hiding financial transactions, and evading detection. X further emphasized that the criminal network used multiple platforms like Instagram, YouTube, and even gaming environments like Roblox to reach broader audiences and promote scams.
The company has pledged to work with law enforcement to investigate the bribery attempts and hold those responsible accountable.
Rising Crypto Scams and X’s Zero-Tolerance Policy
The recent actions by X highlight the growing threat posed by crypto scammers on social media platforms. According to the company, these scammers often use deceptive ads to lure users into fraudulent schemes, promising unrealistic returns on investments. Once users fall for the schemes, their personal data is stolen, leading to financial losses.
X’s focus is on preventing these illegal activities from continuing. It has strengthened internal controls and emphasized its zero-tolerance stance on bribery and crypto fraud. The platform’s commitment to upholding its integrity has led to stricter measures against account reinstatements for those involved in scams.
“We are fully committed to ensuring the integrity of our platform,” said X in its statement. The company has also vowed to continue deactivating accounts linked to fraud and manipulation.
Collaboration with Law Enforcement
X has made it clear that it is working closely with law enforcement agencies to address the growing issue of online fraud. By taking legal action against those involved in the bribery network, the platform aims to send a clear message that such criminal activities will not be tolerated.
The company’s involvement in these investigations comes after an increase in crypto-related hacks and fraud incidents. Last month, Bitcoin thefts surged by 15%, with an estimated $91 million stolen from victims. This underscores the severity of the problem and the necessity for continued vigilance from both platforms and users alike.
As X takes steps to prevent further abuses, users are urged to exercise caution and report suspicious activities. The platform is also encouraging its community to help protect others from scams by staying informed and vigilant about fraudulent promotions.
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