Cryptocurrency scammers have taken their fraudulent activities to new heights, continually innovating their methods. Bribery is not exclusive to government institutions; it has infiltrated large corporations as well. An example is scammers bribing employees at cryptocurrency exchanges to extract information or request undue favors. A recent incident saw this type of bribery affecting Twitter, now known as X.
Cryptocurrency Scammers’ Tactics
After Twitter’s transition to X, Elon Musk established a new entity called Global Government Affairs. This official X account publicly addressed allegations of a bribery network within the company. Scammers attempted to bribe X employees, via intermediaries, to reinstate suspended accounts. Additionally, similar attempts were uncovered on platforms like YouTube, Roblox, and TikTok.
“X has exposed a bribery network targeting our platform and is implementing stringent measures against it. Suspended accounts involved in cryptocurrency scams and platform manipulation have bribed intermediaries to regain their status. These criminals exploit social media platforms such as Instagram, TikTok, YouTube, Minecraft, and Roblox, and have ties to broader crime organizations, including ‘The Com.’ Legal proceedings against participants are ongoing, and we fully support law enforcement. Our commitment to upholding platform integrity is unwavering.” – X Global Government Affairs
Criminals Will Stop At Nothing
At one point, X’s advertisements were dominated by cryptocurrency scam content. Despite numerous complaints, or perhaps fueled by them, bribery networks may have perpetuated these pervasive ads. Today’s examples remind us that even official platform employees can become entangled in illicit activities. It seems inevitable to avoid becoming a scammer’s target.
To avoid falling victim to these scams, we must remain vigilant and skeptical, especially toward enticing offers that seem too good to be true. No one can secure your cryptocurrency better than you can, and maintaining a skeptical attitude is key to staying out of scammers’ reach.
