MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Crypto scammers make $9 million on fake YouTube streams

November 27, 2021
in Scams
Reading Time: 2 mins read
A A
Crypto scammers make $9 million on fake YouTube streams
ShareShareShareShareShare
Bybit

Crypto scammers have stepped up their acts in devising new means of defrauding their victims as new research has revealed that they now doctor YouTube videos of influential people in the crypto industry to promote fake crypto giveaways.

Crypto scammers got $9 million through doctoring YouTube videos

According to the research conducted by Tenable, crypto scammers were able to defraud unsuspecting individuals of around $9 million in October through the fake promotions of giveaways involving crypto-assets like Bitcoin, Ethereum, Dogecoin, Cardano, Ripple, and Shiba Inu.

Tenable revealed that the scammers tend to use old, irrelevant, and unrelated YouTube interview videos featuring popular individuals in the crypto industry like Elon Musk, Vitalik Buterin, Michael Saylor, and others while accompanying the videos with tweets detailing the fake giveaway event.

It continued that the scammers usually have a dedicated section in the video comment section where they promise to double the number of crypto donations sent by the viewers to their desired crypto wallet address.

A more cursory look at the research showed how the scammers profited from the fraud. Per the report, fraudsters got over $8 million from Bitcoin-related scams, while they got $413,000 from giveaway scams on the second largest crypto asset by market cap, Ethereum.

It was also revealed that the scammers profited from the growing popularity of the meme coin, Shiba Inu as they were able to defraud people off around $240,000.

The Tenable research went on to add that the scammers also tend to leverage newsworthy events in the crypto space to carry out their nefarious operations. Citing when Elon Musk made an appearance on the Saturday Night Live show, the report revealed that the scammers hijacked a number of YouTube videos to promote fake giveaways scams of the show and they were able to steal over $9 million then.

You’ll recall that we have reported a number of crypto-related scams in which the perpetrators of the crime have been able to swindle unsuspecting individuals. Crypto investors and enthusiasts are advised to be wary of giveaways promising to double their assets and they should strive to carry out their personal research before investing in any crypto coin or participating in any event.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

bybit

Like what you see? Subscribe for updates.

Credit: Source link

ShareSendTweetPinShare
Previous Post

El Salvador Buys The Dip, Adds 100 More Bitcoin To Existing Stash

Next Post

Cryptocurrency Markets Had Their Black Friday On November 26

Next Post
Cryptocurrency Markets Had Their Black Friday On November 26

Cryptocurrency Markets Had Their Black Friday On November 26

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

Will Cryptocurrency replace Traditional Currency in Gambling?

January 22, 2023
Holistic Gaming, NFT and Metaverse Ecosystem GamesPad

Holistic Gaming, NFT and Metaverse Ecosystem GamesPad

January 25, 2023
Here’s How HedgeUp (HDUP) and Zcash (ZEC) Wants To Challenge the Status Quo in the Financial Industry

Here’s How HedgeUp (HDUP) and Zcash (ZEC) Wants To Challenge the Status Quo in the Financial Industry

January 23, 2023
Best Crypto to Buy Today 27 January – MEMAG, FTM, FGHT, MATIC, CCHG

Best Crypto to Buy Today 27 January – MEMAG, FTM, FGHT, MATIC, CCHG

January 27, 2023
NFT Market Sales Climb 16% Higher; 43.48% Increase in Buyers in Third Week of 2023 – Bitcoin News

NFT Market Sales Climb 16% Higher; 43.48% Increase in Buyers in Third Week of 2023 – Bitcoin News

January 22, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • U.S. President Joe Biden’s administration released a statement on Jan 27
  • Will Jim Cramer’s Bitcoin Price Prediction Be Wrong Again?
  • Enjin Coin (ENJ) And Huobi Token (HT) Holders Begin Migration To Orbeon Protocol (ORBN)

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,448.00 2.06%
  • ethereumEthereum (ETH) $ 1,608.72 1.54%
  • tetherTether (USDT) $ 1.00 0.01%
  • usd-coinUSD Coin (USDC) $ 1.00 0%
  • bnbBNB (BNB) $ 315.44 3.08%
  • xrpXRP (XRP) $ 0.413182 0.31%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • cardanoCardano (ADA) $ 0.389990 1.32%
  • dogecoinDogecoin (DOGE) $ 0.089781 0.99%
  • matic-networkPolygon (MATIC) $ 1.17 4.87%
  • okbOKB (OKB) $ 39.50 2.86%
  • solanaSolana (SOL) $ 24.51 1.05%
  • staked-etherLido Staked Ether (STETH) $ 1,604.49 1.39%
  • polkadotPolkadot (DOT) $ 6.58 1.95%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 1.66%
  • litecoinLitecoin (LTC) $ 94.68 7.61%
  • avalanche-2Avalanche (AVAX) $ 20.68 0.43%
  • tronTRON (TRX) $ 0.063643 1.59%
  • uniswapUniswap (UNI) $ 6.88 2.15%
  • daiDai (DAI) $ 0.999458 0.01%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,322.00 1.68%
  • cosmosCosmos Hub (ATOM) $ 13.52 1.74%
  • the-open-networkToncoin (TON) $ 2.49 0.77%
  • chainlinkChainlink (LINK) $ 7.35 0.91%
  • leo-tokenLEO Token (LEO) $ 3.66 1.72%
  • moneroMonero (XMR) $ 182.66 1.51%
  • ethereum-classicEthereum Classic (ETC) $ 22.29 2.63%
  • aptosAptos (APT) $ 18.03 5.71%
  • bitcoin-cashBitcoin Cash (BCH) $ 136.25 2.22%
  • stellarStellar (XLM) $ 0.093465 0.56%
  • apecoinApeCoin (APE) $ 6.11 1.97%
  • quant-networkQuant (QNT) $ 151.08 0.83%
  • nearNEAR Protocol (NEAR) $ 2.54 2.08%
  • crypto-com-chainCronos (CRO) $ 0.082136 1.01%
  • filecoinFilecoin (FIL) $ 5.36 1.31%
  • lido-daoLido DAO (LDO) $ 2.27 0.03%
  • algorandAlgorand (ALGO) $ 0.262889 3.44%
  • vechainVeChain (VET) $ 0.024669 2.32%
  • hedera-hashgraphHedera (HBAR) $ 0.068600 0.92%
  • internet-computerInternet Computer (ICP) $ 6.11 4%
  • decentralandDecentraland (MANA) $ 0.771743 11.01%
  • axie-infinityAxie Infinity (AXS) $ 11.94 3.44%
  • the-sandboxThe Sandbox (SAND) $ 0.788397 7.32%
  • aaveAave (AAVE) $ 86.95 1.31%
  • fantomFantom (FTM) $ 0.480240 4.72%
  • eosEOS (EOS) $ 1.10 0.79%
  • flowFlow (FLOW) $ 1.09 1.97%
  • elrond-erd-2MultiversX (EGLD) $ 45.07 1.37%
  • theta-tokenTheta Network (THETA) $ 1.11 2.67%
  • tezosTezos (XTZ) $ 1.16 5.31%