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      X Sues Bitcoin Influencers, Alleging Engagement Manipulation to Fraudulently Obtain at Least...

      X Sues Bitcoin Influencers, Alleging Engagement Manipulation to Fraudulently Obtain at Least £207,384 in Creator RevenueX Internet Unlimited Company and X Corp. filed a lawsuit in the UK High Court on September 17 against Vivek Kumar Sen, Zamyang Sherpa, and operators of related accounts, alleging that they coordinated multiple X accounts to publish identical or substantially similar content, like and repost one another’s posts, artificially manipulate engagement metrics, and evade platform enforcement, fraudulently obtaining at least £207,384 from the Creator Revenue Sharing Program.X suspended the accounts on August 18 and is seeking the return of the funds, damages, interest, and legal costs. It also estimated that investigation, analysis, and remediation costs would total at least £75,000.

      Source: Wu Blockchain
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud