A fake SpaceX YouTube channel impersonating the original channel of Elon Musk, ended up in staling $150,000 in the latest Bitcoin scam as we reading further in the Bitcoin scam news.
The recent crypto scam that runs live on YouTube managed to dupe users and collect $150,000 in Bitcoin from victims. The scam impersonated Elon Musk’s SpaceX YouTube channel and broadcasted a recorded video of the recent successful launch of the two astronauts to the International Space Station. The scammers attempted to steal from victims in a form of cryptocurrency giveaway by using the widely-popular current event to connect with the fake giveaway. It is not surprising that the latest one involved the latest launch of SpaceX’s Crew Dragon capsule into space.
The scammers hijacked three YouTube channels creating a fake SpaceX YouTube channel and offered compelling Bitcoin giveaway. While advertising that they will steam the footage from the flight into space, they asked the audience to send Bitcoins and promised to double the investments. Although this sounds like a classic scam, it turned out that people fell for it and sent bitcoins according to the reports. More than 80,000 people watched the live stream and the scam generated more than $150,000 in Bitcoin.
The Livestream contained two BTC addresses where the first one received 29 transactions and the other one got 84 transactions. The report shows that the Bitcoin scam generated the amount in just two days by live-streaming Elon Musk videos. The streams were later deleted and the hijacked channels restored to the rightful owners, but the BTC addresses continue to show activity in sending coins and receiving funds as well. Impersonating famous people for a Bitcoin scam is not something that we haven’t seen before. We saw the Duke and Duchess of Sussex Harry and Meghan in one scam by exploiting their decision to step back as the members of the Royal Family. The scammers added fake ads and quotes from the couple, urging people to invest in a platform called bitcoin Evolution.
During the most intense days with the coronavirus pandemic and the increasing levels of panic across the world, scammers created multiple virus-related scams that led people into sending Bitcoin to different addresses. They did it by impersonating WHO and sent thousands of phishing emails. A recent report concluded that in the first five months, the crypto thefts gathered $1.4 billion.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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