MarketsX has filed a lawsuit in London against Vivek Kumar Sen and Zmyang Sherpa, accusing them of running a fraudulent network of bitcoin news accounts that allegedly siphoned off more than 207,000 pounds (approximately $277,000) from its creator fund. The lawsuit claims that the pair operated nine accounts, which repeatedly posted similar fake financial headlines to simulate user engagement and mislead followers. The accounts, which included handles like @Vivek4real_ and @Bitcoin_Teddy, were noted for sharing unverified claims about major financial institutions, such as false assertions about Goldman Sachs and Citibank. The legal action highlights a pattern of coordinated activity designed to inflate engagement metrics, with posts being liked and shared in rapid succession. Additionally, the lawsuit alleges that Sen was involved in a scheme to manipulate engagement even further by offering paid services to enhance visibility and reach. This included soliciting the purchase of accounts with large followings, indicating a premeditated effort to exploit the platform's creator fund. X terminated all fraudulent accounts on August 18, citing “coordinated revenue sharing fraud and platform manipulation.” The company is now seeking the return of the funds in question, along with compensation for damages related to fraud and conspiracy.