Bribery Network Targets Social Media Platforms
X, teh popular social media platform, has uncovered a bribery network linked to crypto scammers. These malicious actors aimed to reinstate their suspended accounts by bribing X employees.The platform is taking legal action.
The scheme involved scammers paying middlemen to approach X staff. It was a bid to reactivate accounts previously shut down due to crypto-related scams and platform manipulation. X stated, “We’ve exposed and are addressing this bribery network involving our platform.”
These same scammers also target other social media networks like tiktok, YouTube, and Roblox. Platforms like Instagram are similarly affected. The scammers link back to known criminal organizations such as “The Com.” Legal action is ongoing, with full support from law enforcement, X noted.
- The Com targets crypto firms and traditional businesses.
- They’ve been tied to cyberattacks on the U.S. court systems.
- Bad actors promote fake crypto projects through social media.
In June, hackers hacked the X account of venture capital firm Andreessen Horowitz, promoting a fraudulent token. Breaches have also hit accounts of platforms like ZKSync, Curve Finance, and Jupiter. In April, a UK lawmaker’s account was compromised to push a phony Solana coin. Actor Dean Norris suffered a similar fate with an $8 million DEAN memecoin scam.
