Youtube Scammers Made $1.6 million in Fake Crypto Giveaway

Blockchain & Cryptocurrency
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Cryptocurrency Fraud
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Cybercrime

Scammers Exploited YouTube Streams Attracting Over 165,000 Viewers

Fake social media postings used to entice victims. (Source: Group-IB)

Researchers have found that a group of fraudsters made more than $1.6 million in 281 transactions, in a massive scam using fake cryptocurrency giveaway YouTube streams attracting more than 165,000 viewers. The campaign also exploited the names of Vitalik Buterin, Elon Musk, Michael Saylor and other crypto enthusiasts. (See Also: $960K NFT Scam Affects Nearly 1,200 Victims).

See Also: Third Party Risk: Lessons on Log4j

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