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YouTube crypto giveaway scams

scaminvestigations.substack.com

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Re: YouTube crypto giveaway scams

#31

Post by climb_stealth »

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.

Oh wow, I had a reality-check of this a couple weeks ago when someone casually mentioned "investing into bitcoin" as something to do with a couple of thousand dollars at hand. And everyone agreed. In a group of people that are completely removed from the usual tech nerds.

I fear crypto hasn't been cutting edge for years. I still don't quite take it seriously, but apparently it is normal now.

Re: YouTube crypto giveaway scams

#32

Post by webo »

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.

Nothing complicated. It's the usual "send us btc/eth to get double back" scams.

The substack has other posts that have more context. https://scaminvestigations.substack.com/

Screenshot: https://old.reddit.com/r/ethereum/comments/n49iye/scam_sent_...

Re: YouTube crypto giveaway scams

#33

Post by nikolay »

Crypto stinks and that's why I don't wanna touch it with a ten-foot pole. I lose respect for any company, which sprinkles some crypto into their service to make it look cooler when it actually makes it stinkier.

Re: YouTube crypto giveaway scams

#34

Post by AnthonyMouse »

danielmarkbruce wrote: post #18

Surely there is a mechanism in these technological marvels which are cryptocurrencies to get the money back?

Bring the scammer before a judge. The same as when anyone scams you out of cash or gemstones or electronics.

"I put a ruby in a box and shipped it to Nigeria because an email told me to. How do I get it back?"

It's not a new problem.

Re: YouTube crypto giveaway scams

#35

Post by cookie_monsta »

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.

It's so dumb you probably missed it:

> The scam takes many forms... promising to double Bitcoin sent to an address... But of course, the promised doubled crypto never comes, hence a scam.

Re: YouTube crypto giveaway scams

#37

Post by YATA0 »

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.

>Ironically a smart contract is probably the safest way for a customer to engage in a doubling scam.

Press F [0][1] to doubt.

[0] https://arstechnica.com/information-technology/2021/12/hacke...

[1] https://www.zdnet.com/article/poly-network-hackers-potential...

Re: YouTube crypto giveaway scams

#38

Post by roenxi »

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.

Indeed. But this site is probably a pretty typical example of the scam: https://msnews.io/#rules

I like their calculator. Very helpful.

Re: YouTube crypto giveaway scams

#39

Post by cookie_monsta »

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.

It's basically the Nigerian Prince email, but via YouTube and with crypto for payment.

I guess another advantage of the blockchain is that you can watch marks getting suckered in near real-time?

Re: YouTube crypto giveaway scams

#40

Post by MattGaiser »

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.

It isn't cutting edge anymore. Relatives of mine without computers (old ones) have asked about investing in it. Everyone knows about Bitcoin.
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