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Breaking News: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point

X Blows The Lid Off Bribe Scandal In Crypto Account Restorations

Christian Encila
Christian Encila
Last Updated: September 20, 2025 12:32 pm
2 mins read
X

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The Elon Musk-owned X social media platform has gone public with claims that a bribery network tried to pay its staff to bring back suspended crypto accounts. According to the company, middlemen acted on behalf of banned users, offering money to insiders in hopes of overturning account suspensions tied to scams and market abuse.

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Bribery Network And Methods

Based on the company posts and follow-up reporting, the scheme did not involve direct contact between banned users and staff. Instead, intermediaries were paid to make offers and set up meetings with employees.

Reports have disclosed that the operation targeted accounts tied to crypto fraud and coordinated manipulation. Some outlets say the network is linked to a wider cybercriminal group known in reporting as “The Com.”

 

X has exposed and is taking strong action against a bribery network targeting our platform. Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts. These perpetrators exploit social…

— Global Government Affairs (@GlobalAffairs) September 19, 2025

The Scale And The Links

Law enforcement and platform teams are now looking into how broad the effort went. X’s Global Government Affairs team said it had identified multiple attempts, but did not list names or say how many staff were approached or whether any account was actually restored because of payments.

Reports also connect the scheme to other online spaces; investigators say similar tactics have been used against other social services and gaming communities.

Legal Action And Internal Review

Based on reports, X has opened legal proceedings against people tied to the network and is working with outside authorities to share evidence.

Total crypto market cap currently at $3.98 trillion. Chart: TradingView

The GGA also says it will step up internal checks and audits to reduce the chance of employee collusion. At this stage, public filings or indictments have not been posted; the investigations are ongoing.

Numbers And Context

The platform has said it suspended hundreds of millions of abusive accounts in recent months — a figure some posts put at 335 million — as it moved to curb scams and bad actors on the site.

Broader industry reports also note large losses from crypto phishing and fraud in recent periods, though those totals come from different compilations and are not tied directly to the bribery ring described by X.

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What This Means For Users

For everyday users, the key risk is that banned accounts tied to scams could be brought back if internal controls fail.

Reinstated scam accounts can spread phishing links, false giveaways, and other fraud quickly. Reports say X is trying to limit harm by pursuing wrongdoing in court and tightening how account actions are approved.

Featured image from Unsplash, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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