X social media platform reveals an illicit bribery network targeting employees to reinstate accounts tied to crypto scams, triggering legal action and further investigations.
X social media platform has disclosed a bribery network aimed at reinstating suspended crypto-related accounts, with intermediaries offering bribes to employees. The effort focused on accounts involved in scams and market manipulation, prompting legal action and internal audits. The platform has taken steps to prevent employee collusion and is cooperating with authorities in the ongoing investigation. Meanwhile, X has suspended hundreds of millions of abusive accounts to combat fraud and manipulation.