A "smart money" address once again built a position of 7,964 AAVE, currently worth about $2.38 million

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The post X Cracks Down on Bribery Network Behind Crypto Scam Accounts appeared on BitcoinEthereumNews.com. X has vowed a strict crackdown after exposing a bribery network tied to crypto scam accounts. The platform said suspended users involved in fraudulent schemes attempted to bribe employees through middlemen to restore access, threatening platform integrity. Crypto Fraud Rings Exploit X Platform Through Bribery According to Global Government Affairs at X, these accounts had been suspended for exploiting users through scams, many involving cryptocurrencies. Rather than undergoing the formal reinstatement procedures, offenders offered to give money to those working within the company to restore their accounts. The company said the practice violated platform integrity and risked enabling further fraud. The platform stated that the suspended accounts were controlled by organized groups that operated unlawful investments, counterfeit giveaways, and token pump-and-dump deals. 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 Users were normally attracted through false adverts. Then, they are directed to other websites where the malicious actors can steal their details and cause them to lose their money. Last month, crypto hacks surged by 15%, with $91 million in Bitcoin theft alone. This underscores the scale of risks tied to fraudulent schemes. These criminal networks do not restrict themselves to one site. The announcement states that these groups utilize other platforms to reach more individuals as well. X also discovered that criminal organizations such as The Com are linked to the bribe network. This group has been linked to several cyber-fraud incidents. These networks bribed employees to reactivate accounts which were suspended for suspected scam activities. The company emphasized that bribery attempts are part of a broader effort by…