Another Fake YouTube “Crypto” Live Stream Collects Over $23,000

Another Fake YouTube “Crypto” Live Stream Collects Over $23,000

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The number of scams in the cryptocurrency space is not diminishing in the slightest. In fact, the ongoing “YouTube live stream” scams are still a big problem.

It is not the first time a fake live stream appears on YouTube.

Fake YouTube Streams Remain Problematic

Especially if that stream has something to do with Bitcoin or other cryptocurrencies.

The latest fake live stream this weekend had to do with another hacked YouTube channel.

It seems that is becoming somewhat of a trend regarding this particular type of scam.

The Neebs Gaming channel was hacked, and its 1.9 million subscribers were introduced to a fake crypto-related video.

Similar to other incidents in this space it revolves around creating a Ponzi Scheme and promising holders a 10x return on the money they send.

Although one would expect people to smarten up to these scams, the scammer successfully collected over 2 BTC. 

Why anyone would send money to such a clear scammer, is difficult to comprehend.

Even at current prices, this fake livestream made the hacker over $23,000 in quick succession.

That just goes to show how lucrative these ventures can be, although they are equally as problematic for the viewers.

Thankfully, YouTube took the stream down pretty quickly, yet they still fail to prevent future incidents from happening.

The post Another Fake YouTube “Crypto” Live Stream Collects Over $23,000 appeared first on CryptoMode.

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Another Fake YouTube “Crypto” Live Stream Collects Over $23,000

News No Comments on Another Fake YouTube “Crypto” Live Stream Collects Over $23,000

The number of scams in the cryptocurrency space is not diminishing in the slightest. In fact, the ongoing “YouTube live stream” scams are still a big problem.

It is not the first time a fake live stream appears on YouTube.

Fake YouTube Streams Remain Problematic

Especially if that stream has something to do with Bitcoin or other cryptocurrencies.

The latest fake live stream this weekend had to do with another hacked YouTube channel.

It seems that is becoming somewhat of a trend regarding this particular type of scam.

The Neebs Gaming channel was hacked, and its 1.9 million subscribers were introduced to a fake crypto-related video.

Similar to other incidents in this space it revolves around creating a Ponzi Scheme and promising holders a 10x return on the money they send.

Although one would expect people to smarten up to these scams, the scammer successfully collected over 2 BTC. 

Why anyone would send money to such a clear scammer, is difficult to comprehend.

Even at current prices, this fake livestream made the hacker over $23,000 in quick succession.

That just goes to show how lucrative these ventures can be, although they are equally as problematic for the viewers.

Thankfully, YouTube took the stream down pretty quickly, yet they still fail to prevent future incidents from happening.

The post Another Fake YouTube “Crypto” Live Stream Collects Over $23,000 appeared first on CryptoMode.

Click to read full article

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