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X Suspends Bitcoin Accounts Over Alleged $250K Revenue Scheme

X Suspends Bitcoin Accounts Over Alleged $250K Revenue Scheme

CoinEdition2026/08/19 17:21
BTC+5.47%

X suspended several Bitcoin-focused accounts after former product chief Nikita Bier alleged that one operator used them to earn more than $250,000 through the platform’s Creator Revenue Sharing program.

Bier said the accounts were linked to stolen posts and coordinated activity, but provided no independent evidence showing that all of them were controlled by the same operator.

X stopped accepting new applications for its Creator Revenue Sharing program on Aug. 7 and plans to end it after Sept. 7. Existing participants can continue earning until then, with three final payouts scheduled during the wind-down.

Starting Sept. 8, eligible creators can apply for X’s replacement program, Original Content Rewards. X says it will reward original ideas, reporting, expertise, creativity and commentary.

The change marks a broader shift in X’s creator strategy, with the platform moving away from revenue sharing and putting more emphasis on original content.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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