X Suspends Major Crypto Accounts Over Alleged $250K Content Scheme

The social media platform X wiped out a cluster of high-volume bitcoin and crypto-related accounts after an alleged operation spanning more than ten accounts was accused of lifting other creators’ content and pulling more than $250,000 from the platform’s revenue-sharing program over roughly two years.

Suspensions came quickly afterward. Accounts identified in the cluster included @Bitcoin_Teddy, @BitcoinSapiens, @Kalshibacktest, @polybacktest and @saylordocs, which were associated with Documenting Saylor. X has not publicly revealed every account allegedly controlled by the operator.

The alleged playbook was simple. Videos and posts produced by journalists, Youtube creators, and other X users were reportedly downloaded and uploaded again through larger accounts, sometimes after watermarks or other identifying material had been deliberately cropped away.

That detail matters because X pays eligible creators partly from engagement generated by their posts. The company changed its system in 2026 to steer more revenue toward original authors, creating an obvious financial incentive for accounts to make recycled material appear like their own.

By spreading recycled material across multiple accounts, an operator could potentially harvest millions of impressions without carrying the cost of producing original reporting, interviews, or videos. The tactic also lets large accounts compete directly against the people who actually created the material.

For creators, however, exposure does not automatically replace attribution or revenue. When a large account republishes material and captures the engagement, the original producer can lose both visibility and money despite that producer paying for the reporting, filming or editing.

The suspensions also fit X’s broader 2025-26 campaign against spam, artificial intelligence-generated reply bots, engagement farms and reward systems that push users to publish enormous volumes of low-quality material. Crypto accounts have repeatedly landed in those enforcement sweeps because engagement-driven posting has become deeply embedded across the sector.

For smaller creators, fewer content farms could mean less competition from recycled posts and a better shot at capturing the impressions, attribution and revenue generated by their own work.

The problem is nowhere near finished. Jenkinson and other users have said similar accounts remain active, leaving X with the difficult task of separating coordinated content farms from legitimate aggregation, commentary and fair-use publishing.

The real test will be measurable: whether original creators ultimately capture more reach and revenue as the platform eliminates accounts built around recycled material.