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YouTube crypto giveaway scams

scaminvestigations.substack.com

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Re: YouTube crypto giveaway scams

#21

Post by tootahe45 »

JCharante wrote: post #16

Lol a doubling scam. These scams have existed since MMOs began and you could trick people into giving you items/currency under false pretenses. Ironically a smart contract is probably the safest way for a customer to engage in a doubling scam.

Not only was the doubling part from Runescape but this kind of live stream-replay tactic was also first used for phishing Runescape accounts when Twitch first got popular. They would replay developer live-streams with 'use the link below to log in for free RS membership' subtitles, and view-bot the streams to the front page of RS twitch. I wouldn't be surprised if it's the same guys who pivoted to crypto to target much more foolish victims.

Re: YouTube crypto giveaway scams

#22

Post by askmike »

sithadmin wrote: post #7

I find it rather irritating that the author didn't bother to describe the mechanics behind the supposed scam. A quick sample of other posts also suffer from the same lack of information.

In this situation he describes something that has been happening for a long while (years), and almost everyone active in the space is familiar with the scam. But what people don't know is that right now (still) it appears to scam people out of 6 digits per day.

Adding an explainer of what's happening might get rid of your irritation, but it might just irritate many other readers coming there for the meat. All the other posts are about the same topic, so this blog seems to more document details of what's happening as opposed to explain the basics to everyone.

Re: YouTube crypto giveaway scams

#24

Post by evan_ »

halpert wrote: post #10
jinto36 wrote: post #8

An earlier post seems to provide more context, https://scaminvestigations.substack.com/p/better-than-ransom...

That still doesn’t explain the scam.

There’s no more to it than the name essentially. A scammer gives an address and says that if you send crypto to that address, you will receive double the amount you send back. Then they keep the money you send.

I’m sure they dress it up, maybe they actually fulfill a few or they have shills that claim they did, but it’s really not more complicated.

It’s classic “if it sounds too good to be true…” stuff.

Re: YouTube crypto giveaway scams

#25

Post by hsbauauvhabzb »

beaned wrote: post #23

I don't understand how anyone can be cutting-edge enough to be into crypto and know how to send a transaction, yet not also know how to spot a scam in the year 2022.

You mean the people who ‘invest’ in crypto without fully understanding it fall for other get rich quick schemes? No way!

Re: YouTube crypto giveaway scams

#26

Post by lostmsu »

JCharante wrote: post #16

Lol a doubling scam. These scams have existed since MMOs began and you could trick people into giving you items/currency under false pretenses. Ironically a smart contract is probably the safest way for a customer to engage in a doubling scam.

That existed before MMO (Diablo parody)

https://www.youtube.com/watch?v=qPsxIqawYpo

Re: YouTube crypto giveaway scams

#28

Post by rank0 »

This is a shitty post. No description of the scam itself and incorrectly asserts that YouTube giveaways generate permanent consistent income for a single group.

How does it follow that 200k over 12 hours => ransomware is less profitable. Are all 14 transactions victims? Are all 14 transactions paid to the same actor?

Re: YouTube crypto giveaway scams

#30

Post by beaned »

hsbauauvhabzb wrote: post #25
beaned wrote: post #23

I don't understand how anyone can be cutting-edge enough to be into crypto and know how to send a transaction, yet not also know how to spot a scam in the year 2022.

You mean the people who ‘invest’ in crypto without fully understanding it fall for other get rich quick schemes? No way!

Hm, yeah, I guess that take makes sense too.
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