When tweeting the scams, it is common to see different Twitter sock puppets talking to each other as they promote each other's tweets, as shown below. Embedded in the tweets are links to sites that redirect to sites pretending to be Medium posts that promote the giveaway and include further links to the actual giveaway site, as shown below. These sites tell visitors to send cryptocurrency to the listed address, and the site will send back double the amount you sent.
Unfortunately, no matter how much BleepingComputer and other reporters cover these scams, people continue to fall for them. MalwareHunterTeam, who has been monitoring these scams , has told BleepingComputer that the scammers continue to hack verified Twitter accounts with no sign of letting up. These earnings include 1. As many of the sites associated with these scams switch to different URLs and cryptocurrency addresses, the scammers likely made much more this week.
As these scams generate an incredible amount of money for the threat actors, they are not going away any time soon. Therefore, everyone needs to understand that the vast majority of cryptocurrency giveaways are scams. It is safer to treat any cryptocurrency giveaway you see online as a scam and understand that anything you send will not produce anything in return. Europol dismantles massive call center investment scam operation.
Russia-Ukraine war exploited as lure for malware distribution. Anyone can fall for these scams, but these particular scams are so transparent that anyone thinking clearly would know that you don't get something for nothing anywhere, ever. Just mind boggling that people still fall for some of these scams. I agree but unfortunately people keep sending money and the scammers keep getting richer. This is big money with little work. Not a member yet?
Register Now. To receive periodic updates and news from BleepingComputer , please use the form below. Malwarebytes Anti-Malware. Malwarebytes for Mac. Windows Repair All In One. Farbar Recovery Scan Tool. Read our posting guidelinese to learn what content is prohibited. The outrageous amount of money is also made in a fairly simple manner as the majority of the processes, according to the conman, are automated:.
Well, the process from generating accounts, to tweeting to rotating ETH wallet address is all done automatic by our bots. The only manual process is cashing out. In the meantime, Twitter is supposedly shutting down more than 1 million fake accounts daily — an effort which seems to be falling short.
Have you ever fallen victim to it? Bitcoin Cash ABC vs. Play Now! Could you be next big winner? Share Tweet Share Share. Sign Up for Our Newsletter!
Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies. All rights reserved.
Terms Privacy. About Advertise Contact. Bitcoin Cash. Ethereum Classic. Fake Ethereum giveaway caught on Youtube again by Ibiam Wayas. Nov 17, at am. Unsuspecting participants were asked to first contribute their coins to receive back double. Scammers plot 50, ETH in fake Ethereum giveaway The fraudsters were able to manipulate a video conference featuring Vitalik Buterin, the co-founder of Ethereum, the second-largest blockchain network. The page precisely reads: Related Posts.
Ibiam Wayas Ibiam is an optimistic crypto journalist. Related Posts. Ethereum News. Scam News. Apr 12, pm. Get new posts by email:. Latest News. NFTs Progress in the U. K April 15, How to Own Bitcoin? April 15, These ads claim famous people giving away Bitcoin. During the recent SpaceX launch many thought the promotion is legit and got scammed. Somehow scammers seem to hijack popular YouTube channels first and some of the hijacked channels are reported to have more than k to k subscribers.
They then start live streaming some old recorded footage of Elon Musk or Jeff Bezos being interviewed. The broadcast seems like a live event and they promise you significant returns if you send them a small amount of Bitcoins. To participate you just need to send 0. It is all mostly bots viewing the live stream and commenting.
Most of these transactions are faked by the scammers. They use their own BTC addresses to send and receiving Bitcoin to make it seem the giveaway is legitimate. This is main reason why many users fall to these scams. I was scammed by a video allegedly from SpaceX. It was a live broadcast titled BTC giveaway.
The user seem to have sent around 0. There are many such cases. If you ever come across such videos or promotion report them and stay away. This is a typical Ponzi scam and never ever send your precious Bitcoins to address calming you to send free Bitcoins. These are all some of the typical scams that you come across on Twitter, YouTube and other social media platforms.
Also at times you may see these promotions on website that mimic medium publishing platform. Remember that nobody is giving you free Bitcoin or Ethereum. These crypto giveaway scams are so popular where the scammers mostly target users of Bitcoin and Ethereum. As they are the two of the most popular cryptocurrencies. These scams have been around for years and they continue to perform still well. Every popular influential people in this space are aware of this scam.
However scammers are coming up with some new ideas and reporting these fake accounts and channel may not be sufficient. Report the address on Bitcoin abuse and stay educated. We understand the financial uncertainty you are facing. So we decided to giveaway Bitcoin to help you people out. I myself have reported several of these videos.
YouTube seems a bit slow when it comes to taking down inappropriate content. Also everyday these type of videos keep reappearing regularly.
Making $50, to $, Per Day. Cryptocurrency evangelist and YouTuber Adam Guerbuez ran into the popular “Free ETH Giveaway” scam on Twitter. However, he. See Tweets about #ethgiveaway on Twitter. $50 + WL #GIVEAWAY ⚡ Prizes: $50 in ETH 10x WL spots To win: ✓ RT & ❤️ ✓ Follow. @CuriositiesNFT. Ethereum GiveAway. @ethhereum. ETH to GiveAway for the community! Get your reward now! ladi.crptocurrencyupdates.com