X Files Lawsuit Against Bitcoin Account Operators Over Alleged £207,384 Payout Fraud

Elon Musk‑owned social media platform X has taken legal action in the High Court of England and Wales against alleged operators of a network of Bitcoin‑focused accounts. The lawsuit seeks to recover at least £207,384 (approximately $278,000) that X says was fraudulently obtained through its creator revenue‑sharing program.

Alleged Coordination and Manipulation

X claims the defendants coordinated multiple accounts to create a false appearance of genuine user interaction. The alleged tactics included reposting, liking, and publishing substantially similar content within seconds of each other, thereby inflating engagement metrics used to calculate creator payouts.

Accounts and Individuals Named

• @Vivek4real_, @Bitcoin_Teddy, @saylordocs, @TrendingBitcoin, @Kalshibacktest and @PolyBackTest – identified as participants in the revenue‑sharing program.
• Vivek Kumar Sen is linked to the first three accounts via associated Stripe accounts.
• Zamyang Sherpa is linked to the latter three accounts via Stripe accounts.
• Additional accounts @BTC_Vibes, @MrSuperBitcoin and @Laserlump are alleged to have repeatedly liked, replied to and reposted content from the primary accounts.

Financial Impact and Costs

X reports that, beyond the alleged fraudulent payouts, it expects at least £75,000 ($100,000) in investigation and remediation expenses. This brings the total claimed and projected losses to a minimum of £282,384 before interest and legal fees.

Program Changes

The disputed creator revenue‑sharing program was retired on September 7, 2026. X began rolling out a replacement called Original Content Rewards the following day.

Responses

Cointelegraph attempted to contact the parties involved via an email address linked to Sen but received no response before publication. Sherpa could not be reached for comment.