Crypto coin scammers have stolen at least $150,000 by falsifying SpaceX’s YouTube account and organizing campaigns where they promise to give away Bitcoin.
According to a June 9 Bleeping Computer report, several con artists hacked into legitimate YouTube accounts, changing the category and content to emulate that of Elon Musk’s SpaceX channel.
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Then, the channels broadcast saved videos of Musk as if it were a live event and asked viewers to send Bitcoin Code, Bleeping Computer reported that at least 80,000 people watched the live broadcast, that would have generated 15. 31 BTC for fraudsters since June 8, one Bitcoin address received 29 transactions for a total amount of 4.08 BTC, which would be about $39,840 by that time, while another received 84 „donations“ for a total of 11.23 BTC, about $110,000.
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„This isn’t great.“
Musk is aware that his name is used to run such scams, responding to a different scam in February, the CEO tweeted that „the level of crypto-currency scams on Twitter is reaching new levels“ and that users should report such counterfeits as soon as they see them.
However, reporting may be insufficient on some platforms, cyber security firm Tenable reported in February that there has been a „perpetual cat-and-mouse game between Twitter and crypto-cash scammers“ and the latter continue to modify their tactics to obtain BTCs from unsuspecting victims.
The most commonly used images are of popular characters
With much of the public focused on the historic launch of a private space vehicle built and launched from the United States on May 30, scammers know how to spot profitable trends like posing as Musk.
Ripple’s CEO, Brad Garlinghouse, has also been used many times to pull off similar scams. Cointelegraph reported in March that videos on YouTube appeared periodically, where Garlinghouse was promoting a 50 million XRP fake airdrop, Ripple found the platform’s response time to remove such content insufficient and filed a lawsuit against YouTube in April.