Unveiling the Battle Against Crypto Scammers: A Bold Move by Social Media Platform X
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Social Media Platform X Takes a Stand Against Crypto Bribery Network
In a striking development, social media platform X, which was previously known as Twitter, has taken decisive steps to dismantle a bribery ring operated by crypto fraudsters. The platform reported that a group of users involved in cryptocurrency scams attempted to bribe employees of X to regain access to their suspended accounts.
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Bribery Network Tied to Global Cybercrime Syndicate: Insights from X
On September 19, X’s Global Government Affairs team issued a comprehensive statement, asserting that certain suspended accounts, implicated in crypto scams and platform manipulation, resorted to engaging intermediaries to bribe employees. The team emphasized that X has been “exposed” to this network and is actively counteracting the bribery efforts.
The report from the Global Government Affairs team highlighted that the suspects also exploit other social media platforms like Instagram, TikTok, YouTube, Minecraft, and Roblox. Intriguingly, some of these crypto scammers are believed to be connected to larger criminal organizations, specifically “The Com.”
The Com: An International Cybercrime Network
Known as The Community, The Com is an expansive online syndicate comprising numerous cybercriminal networks operating globally. This notorious group has been involved in multiple incidents of cryptocurrency theft, incitement to violence, and data breaches.
In July, the United States Federal Bureau of Investigation (FBI) issued a warning about the illicit activities of The Com. According to the agency, this international network predominantly consists of English-speaking minors unified by shared interests and ideologies.
The FBI’s statement highlighted:
“The FBI estimates thousands of individuals identify as current or recent members of The Com with varying levels of associated activity. The motivations behind the criminal activity vary, but often fall within one of the following: financial gain, retaliation, ideology, sexual gratification, and notoriety.”
In response, X’s Global Government Affairs team has pledged full cooperation with law enforcement agencies and is taking legal action against those involved in the bribery attempt. The company affirmed its unwavering commitment to maintaining the platform’s integrity.
Rising Threat of Crypto Hacks: $163 Million Lost in August
The issue of crypto scams and hacks continues to be a significant concern within the digital asset industry, as the value lost to these nefarious activities rises each month. A recent analysis by security firm PeckShield revealed that approximately $163 million in digital assets were lost to hacks and security breaches in August 2025.
This figure marks a 15% increase from the $142 million lost in July 2025. PeckShield reported that this substantial loss stemmed from around 16 major crypto exploits, with BtcTurk’s $50 million hack being the most notable incident.
The total cryptocurrency market capitalization stands at a remarkable $3.97 trillion, underscoring the vastness and potential vulnerability of the digital asset landscape.
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