YouTube Confuses Crypto Users, Shows Scam Ads For Sending Bitcoin

YouTube confuses the crypto users as it now started showing scam ads that ask users to send Bitcoin, despite the many bans previously imposed. In our latest crypto news, we take a closer look at the giveaway scams.

The scams feature Changpeng Zhao, Steve Wozniak, Joe Rogan, and Vitalik Buterin, trying to make people send bitcoin to different addresses. YouTube confuses the crypto users as many of them reported seeing fake BTC giveaways and ad pop-ups while watching content on the streaming platform. Many of them are now angry as to how this major video platform let this happen. When one clicks on a video, the user will be greeted with a cumbersome advertisement and will send Bitcoin for a speedy 2x return.

Are you kidding me @YouTube ?! You are allowing PAID crypto giveaway pre-roll Ads ?!You hyprocrits banned honest bitcoin educator channels before, BUT you allow PAID PRE-ROLL ADS of scams ?!I have seen these scams before served in the algorithm when searching BUT never PAID Ads ! pic.twitter.com/vWcpEPNaVM

— Bitcoin Meme Hub 🔞 (@BitcoinMemeHub) July 11, 2020

At the time of writing, users reported four types of ads featuring the variety of crypto celebrities including Ethereum’s Vitalik Buterin and podcaster Joe Rogan. The design of the ads is quite a simple suggesting they have been created by the same person, and according to some users these ads have been going on for weeks as one Reddit user wrote:

 “I’ve been seeing 3 to 5 live videos, mostly faking Gemini’s identity, pop up every. single. day for over a week. I’ve been reporting it but it seems totally useless when it takes YT 10+ min to remove those live. Maybe Gemini should get involved?”

The scams are coming amidst the sweeping censorship of different crypto education channels. Crypto Twitter was quite vocal on the matter and blamed YouTube for hypocrisy in response to banning crypto content creators over the past six months.

As previously reported, Youtube banned and discontinued the channel of David Schwartz, the CTO of Ripple for impersonation. The suspension comes a week after Ripple filed an official lawsuit against the Google-owned platform. YouTube has done this in the past as well and is known for suspending and deleting accounts that were related to the crypto industry. YouTube still claims that the removed videos were harmful and dangerous. A few months in, the CryptoPurge seems to be a result of the inability of the platform to see the obvious difference between legitimate and illegitimate scams and uploads. Despite that, the platform still goes after crypto content creators.