Crypto Giveaways Use Elon Musk Video to Steal Millions of Dollars
-Fake videos promoting double-your-crypto scams have been making the rounds on YouTube, generating tens of thousands of views.
-Various YouTube channels are attempting to lure in victims with edited clips from the The B Word conference, which took place last year.
-Some fraudsters managed to rake in hundreds of dollars earlier this year.
-Gullible users are being redirected to websites that encourage them to put their hard-earned money into giveaway scams.
-In order to make their sham seem more legitimate, fraudsters create bogus tables that supposedly show how other users managed to double their crypto with the help of their giveaway sham.
-In 2020, Ripple CEO Brad Garlinghouse filed a lawsuit against YouTube for failing to remove fake videos featuring his name.
-Musk has also repeatedly complained about double-your-crypto scams that keep popping up on Twitter.
