Home Bitcoin Fraudulent SpaceX YouTube Channels Rip-off Victims Out of $150K in BTC

Fraudulent SpaceX YouTube Channels Rip-off Victims Out of $150K in BTC

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Scammers bear conned thousands of YouTube viewers into sending them a full of 15.31 BTC with the conventional ‘free giveaway’ trick.

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Fake SpaceX YouTube Channels Scam Victims Out of $150K in BTC

Crypto scammers bear stolen now no longer now no longer up to $150,000 by impersonating SpaceX YouTube accounts and internet hosting unsuitable Bitcoin giveaways.

In step with a June 9 document on Bleeping Computer, several scammers hacked legit YouTube accounts and altered the branding and boom material to emulate that of Elon Musk’s SpaceX channel.

The channels then broadcast archived photos of Musk as if it used to be a live tournament and asked viewers to ship Bitcoin (BTC). Bleeping Computer reported that now no longer now no longer up to 80,000 folks watched the live circulation, which has brought in 15.31 BTC for the scammers since June 8. One in every of the Bitcoin addresses bought 29 transactions for 4.08 BTC ⁠— price $39,840 at the time ⁠— while yet another bought 84 “donations” totaling 11.23 BTC, or nearly $110Sufficient.

Bleeping Computer

Source: Bleeping Computer

‘Here is now no longer cool’

Musk is aware his title is being veteran to perpetuate such scams. Responding to a diversified con job in February, the CEO tweeted that “the crypto rip-off stage on Twitter is reaching modern ranges” and customers must document such fakes as rapidly as they discover them.

On the replacement hand, sending studies would be insufficient for some platforms. Cybersecurity agency Tenable reported in February that there used to be a “perpetual cat-and-mouse sport between Twitter and cryptocurrency scammers” and the latter proceed to change their ways to discover BTC from unsuspecting victims.

Neatly-liked crypto figures in most cases impersonated

With grand of the public mild attracted to the ancient launch of a non-public apartment vehicle constructed in and launched from the United States on May perhaps presumably 30, scammers know learn how to pronounce winning traits admire impersonating Musk.  

Ripple CEO Brad Garlinghouse has also been a most standard plan. Cointelegraph reported in March that YouTube videos of Garlinghouse periodically popped up to promote a unsuitable 50 million XRP airdrop. Ripple thought to be the platform’s response time in placing off such boom material as insufficient and filed a lawsuit against YouTube in April.