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Home»Legal»X sues Bitcoin account operators over alleged $278K payout fraud
Legal

X sues Bitcoin account operators over alleged $278K payout fraud

NBTCBy NBTC24/10/2026No Comments2 Mins Read
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X suspended the accounts on Aug. 18 over what it called creator revenue-sharing fraud and platform manipulation.

X links six accounts to two defendants

The lawsuit identifies six accounts enrolled in X’s revenue-sharing program: @Vivek4real_, @Bitcoin_Teddy, @saylordocs, @TrendingBitcoin, @Kalshibacktest and @PolyBackTest.

The filing links Stripe accounts associated with the first three profiles to Sen and those associated with the other three to Sherpa. The accounts joined the program between August 2023 and February 2026.

Six X accounts and their associated Stripe account names listed in the court filing. Source: X

The network allegedly extended beyond those six accounts. X named @BTC_Vibes, @MrSuperBitcoin and @Laserlump, claiming they repeatedly liked, replied to and reposted content from the defendants’ accounts to manufacture engagement.

How the alleged scheme generated money

Under X’s former creator revenue-sharing program, eligible creators received a share of the platform’s revenue based on the engagement their posts generated from other users.

The filing cites an Aug. 5 example in which @Vivek4real_ and @TrendingBitcoin allegedly published substantially similar posts within 11 seconds of each other.

X retired the revenue-sharing program on Sept. 7 and began rolling out access to its replacement, Original Content Rewards, the following day.

In addition to the alleged fraudulent payouts, X says it expects at least 75,000 British pounds ($100,000) in investigation and remediation costs, bringing its claimed and projected losses to at least 282,384 pounds before interest and legal costs.

Cointelegraph sought comment through an email address linked to Sen in the filing but had not received a response by publication. Sherpa could not be reached for comment.

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NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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