News View Non-AMP

Elon Musk’s X Cracks Down on Bribery Network Linked to Crypto Scams

Published by
Nidhi Kolhapur and Zafar Naik

Social media platform X recently cracked down on a bribery network targeting its platform.

In a post on X, it revealed that “Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts.”

The individuals behind these schemes did not limit their activities to X alone. They exploited multiple social media platforms, like Instagram, TikTok, YouTube, Minecraft, and Roblox, to carry out scams and manipulate users.

There were also links between these perpetrators and larger criminal organizations, including a group known as “The Com.” 

Legal proceedings against those involved are now underway. The platform stated that it remains fully committed to maintaining safety, integrity, and trust for all users.

Back in July, the FBI warned about “The Com,” an international group also known as “Hacker Com” or “The Community.” It is an international, mostly English-speaking online network, where many of its members are minors, and they engage in a wide range of criminal activities.

High-Profile Hacks in 2024–2025

In 2024, X suspended 5.3 million accounts in the first half of the year. Despite efforts to fight illegal activity, scams remain common on the platform.

In May 2025, TRON’s X account was hacked in a targeted social engineering attack. In June, the account of venture capital firm Andreessen Horowitz was compromised, while in April, a UK lawmaker’s account was seized to promote a fake Solana token. BBC journalist Nick Robinson’s account was also hacked and used to promote cryptocurrency.

In 2020, hackers took over accounts belonging to Barack Obama, Apple, Uber, and Kanye West to push a Bitcoin scam. Major crypto accounts, including Binance, Changpeng Zhao, and Tron’s Justin Sun, were also targeted.

Rising Crypto Crime

According to a report from Chainalysis, in 2024, illicit cryptocurrency addresses received at least $40.9 billion, with estimates likely rising to around $51 billion once additional addresses and historical activity are accounted for.

Criminals, including international organized crime groups, are increasingly using cryptocurrency to carry out both traditional crimes like drug trafficking and gambling, as well as multiple types of crime at once.  

FAQs

Why are criminal organizations using cryptocurrency?

Criminals are increasingly using cryptocurrency to conduct various illegal activities, from drug trafficking to gambling, as well as multiple types of fraud, due to its global reach.

How much money has been lost to crypto crime?

In 2024, illicit cryptocurrency addresses received an estimated $40.9 billion, with that number likely rising to $51 billion once additional addresses are accounted for.

Nidhi Kolhapur and Zafar Naik

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

Terraform Labs Estate Files $4 Billion Lawsuit Against Jump Trading

Terraform Labs’ bankruptcy estate has filed a $4 billion lawsuit against Jump Trading, accusing the…

December 19, 2025

Here’s Why Bitcoin Cash (BCH) Is Up Today?

Bitcoin Cash, a cryptocurrency that is a fork of Bitcoin, has seen a sharp rise…

December 19, 2025

Binance Delisting Alert: 9 Altcoins Removed

Binance has announced it will delist nine altcoins, $BUZZ, $DARK, $FROG, $GORK, $MIRAI, $PERRY, $RFC,…

December 19, 2025

Solo Miner Turns $100 into $271K Bitcoin Block

A solo Bitcoin miner scored a huge win by mining block 928351 after renting under…

December 19, 2025

Bitwise Files for Spot SUI ETF With SEC

Crypto asset manager Bitwise has officially filed a Form S-1 with the U.S. Securities and…

December 19, 2025

Coinbase Sues US States in Prediction Market Dispute

Coinbase Global Inc. sued Michigan, Illinois, and Connecticut, challenging their attempts to regulate prediction markets…

December 19, 2025