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Elon Musk's social network X has filed a lawsuit in the High Court of England and Wales against operators of a network of Bitcoin-related accounts. The company alleges that Vivek Kumar Sen, Zamyang Sherpa, and unidentified account operators engaged in fraud within X's creator revenue sharing program. According to the suit, the defendants coordinated at least six accounts to artificially inflate engagement by liking, reposting, and posting near-identical content among themselves. This activity, X claims, created a false impression of genuine user interaction and led to the fraudulent acquisition of at least £207,384 (approximately $278,000) from the platform. The accounts were blocked in August. X asserts it also incurred over $100,000 in investigation and remediation costs. The lawsuit highlights vulnerabilities in engagement-based monetization systems. X has since replaced its old revenue program with "Original Content Rewards," but questions remain about the new system's ability to automatically detect and prevent such coordinated fraud schemes.

X, a company owned by billionaire Elon Musk, has filed a lawsuit in the High Court of England and Wales against two cryptocurrency influencers, Vivek Kumar Sen and Zamyang Sherpa. The suit alleges they fraudulently obtained over $277,000 from the platform's creator revenue program. X Corp. and its European subsidiary accuse the defendants, both based in Preston, Lancashire, of using a network of Bitcoin-themed accounts to post identical content, artificially boost each other's metrics, and manipulate user engagement data to exploit the payment system. The legal action follows the platform's suspension of these accounts in August and coincides with X's shift from a general engagement-based revenue model to a new system that exclusively rewards original content creation. The lawsuit details that Sen and Sherpa operated at least six monetized accounts as a single entity, receiving payments by posting near-identical content within seconds and using coordinated replies and likes to trigger algorithmic rewards. Evidence cited includes overlapping payment records, shared Stripe accounts, device tokens, and IP addresses. X is seeking damages for fraud, conspiracy to use unlawful means, breach of contract, and unjust enrichment. The company demands full restitution of the allegedly ill-gotten funds, plus at least $100,000 for investigation and remediation costs, along with legal fees and interest.

X has launched a Cashtag Partner Program for U.S. users, integrating stock and crypto trading directly into the platform. The feature adds a "Trade" button to Cashtag pages for tickers like $BTC or $AAPL, allowing users to view market data and discussions before being redirected to a partner platform to execute trades. Initial partners include Coinbase, Kraken, Gemini, Interactive Brokers, and Moomoo, covering both cryptocurrency and traditional assets. X does not handle the trades itself; the selected broker or exchange manages account login and transaction execution. The integration aims to shorten the path from discovering an asset on X to trading it, while partners maintain control over the actual trading process.

Electric vehicle maker Tesla has made a significant change to its Dogecoin ($DOGE) payment policy by removing the note "Note: Dogecoin is also accepted for payment of some products" from the main Tesla Shop payment support page. However, this statement remains on some localized, non-English support pages for countries like Spain, France, Italy, Portugal, Belgium, and Denmark. Additionally, Tesla's dedicated Dogecoin support page appears to still be active, stating users can purchase eligible Tesla products using $DOGE and listing it as the only accepted cryptocurrency. The company has not made an official announcement indicating a cessation of $DOGE payments for some products. This follows CEO Elon Musk's earlier announcement of an indefinite suspension of Bitcoin payments due to environmental concerns.

The article discusses the accusation by US authorities that the A7 network is used by Iran to evade sanctions. The proposed sanctions would prohibit fund transfers involving sub-agents of this network. Russian businessman Sergey Mendeleev is mentioned repeatedly in connection with his projects Indefibank and Exved, as well as the formerly associated Garantex exchange and the director of the Russian entity "A7", Ilan Shor. When questioned about his alleged role in creating and maintaining A7, Mendeleev strongly denies any involvement. He states he is completely unaware of why US authorities have linked him to A7, claims no acquaintance with anyone in that structure, and says his only interactions have been debates with A7 representatives at shared conferences.