X Sues Over Crypto Fraud
X Sues UK Residents Over Alleged £207,000 Bitcoin Revenue Sharing Fraud
Anonymous
Key Points
1
The lawsuit identifies the nine accounts as @Vivek4real_, @Bitcoin_Teddy, @saylordocs, @TrendingBitcoin, @Kalshibacktest, @PolyBackTest, @BTC_Vibes, @MrSuperBitcoin and @Laserlump.
2
The accounts allegedly circulated sensational and unverified financial claims to attract attention, including assertions that Goldman Sachs’ chief executive was backing a crypto bill and that Citibank had purchased $12.6 million in bitcoin.
3
X’s filing allegedly links the first three revenue-sharing accounts to Sen and the other three to Sherpa through associated Stripe accounts; the company also cited a case in which the Stripe account for @Bitcoin_Teddy used the name “Stefan Mann,” while the linked bank account and email were connected to Sen.
4
The proceedings were formally filed on Sept. 17 in the Business and Property Courts of England and Wales, with X Internet Unlimited Company and X Corp. named as the plaintiffs.
5
The Creator Revenue Sharing program began around July 28, 2023, and the accounts allegedly joined it between August 2023 and February 2026, according to details cited from the court filing.
X has sued two UK residents and unnamed accomplices in English court, alleging they ran a network of cryptocurrency accounts that defrauded its Creator Revenue Sharing Program. Gizmodo reports the scheme generated at least £207,384 in fraudulent payouts through coordinated fake engagement—identical posts within seconds, artificial likes, and coordinated amplification across nine linked accounts.
The platform detected the manipulation on August 18, 2026, and suspended all accounts. Yahoo Finance reports X is seeking the full payout amount plus at least £75,000 in investigation costs. The company has since replaced the Creator Revenue Sharing program with a new system that excludes artificial engagement and misleading financial claims.
Nine Accounts Posted Identical Bitcoin Content in Seconds
The lawsuit identifies the accounts as @Vivek4real_, @Bitcoin_Teddy, @saylordocs, @TrendingBitcoin, @Kalshibacktest, @PolyBackTest, @BTC_Vibes, @MrSuperBitcoin, and @Laserlump. Decrypt reports the accounts posted sensational, unverified financial claims—including false assertions that Goldman Sachs' CEO backed a crypto bill and that Citibank bought $12.6 million in bitcoin. The posts appeared within seconds of each other, then boosted one another with likes and replies.
X Links Defendants Through Stripe and Bank Account Details
Court filings allegedly connect the first three revenue-sharing accounts to Vivek Kumar Sen and the other three to Zamyang Sherpa through associated Stripe accounts. CoinMarketCap reports one account, @Bitcoin_Teddy, used the name
X formally filed the lawsuit on September 17, 2026, in the Business and Property Courts of England and Wales. The case is *X Internet Unlimited Company & X Corp. v. Vivek Kumar Sen, Zamyang Sherpa, and Persons Unknown*. No public defense or court ruling has been released yet.
Largest Single Account Payout Was £74,332
@Vivek4real_ collected the highest amount at £74,332.44. CoinMarketCap reports @Bitcoin_Teddy earned £50,476, @saylordocs earned £49,441.91, and the remaining three accounts split about £33,134. The accounts joined the revenue-sharing program between August 2023 and February 2026, after X launched it on July 28, 2023.
X Replaced the Program to Block Fake Engagement and False Claims
On September 8, 2026, X retired the Creator Revenue Sharing program entirely and launched Original Content Rewards instead. Gizmodo reports the new system excludes artificial engagement, reposts, and posts flagged as misleading by Community Notes. X General Counsel James Burnham stated: "We do not tolerate fraudulent behavior on X—and will act forcefully to protect our platform and the earnings of genuine creators."
Sentiment
Mostly NegativeNEGATIVENEUTRALPOSITIVE
Publishers
31
Articles
26
Reach
57
A
AnonymousAuthor
