Key facts
- X sued Bitcoin influencers Vivek Kumar Sen and Zamyang Sherpa in the UK High Court for alleged fraud.
- The lawsuit claims the influencers fraudulently obtained at least £207,384 ($278,000) from X's creator revenue-sharing program.
- X alleges the defendants coordinated multiple accounts to boost engagement by reposting and liking each other's content.
- X claims the scheme created a false appearance of genuine human communication and interaction.
- X is seeking the return of funds, damages, interest, and legal costs, estimating investigation costs at £75,000.
- X has ended its Creator Revenue Sharing program and replaced it with the Original Content Rewards program.
Elon Musk-owned social media platform X has filed a lawsuit in the UK High Court against alleged operators of a network of Bitcoin-focused accounts, including Vivek Kumar Sen and Zamyang Sherpa. X claims the defendants fraudulently obtained at least £207,384 ($278,000) from its creator revenue-sharing program by coordinating multiple accounts to artificially inflate engagement metrics.
The lawsuit alleges that the defendants reposted and liked each other's content, and published identical or substantially similar posts within seconds of each other, creating a false appearance of genuine interaction. X suspended these accounts on August 18, citing creator revenue-sharing fraud and platform manipulation.
In addition to the alleged fraudulent payouts, X stated it expects at least £75,000 ($100,000) in investigation and remediation costs, bringing its total claimed and projected losses to at least £282,384 before interest and legal costs. X has since retired the creator revenue-sharing program and introduced the Original Content Rewards program.