Several YouTube accounts were recently hijacked and turned to mimic Microsoft brands in order to push through a crypto Ponzi scheme using no other than Microsoft Founder Bill Gates.
Some hacking has been going around YouTube as someone hijacked many YouTube accounts, renamed them to Microsoft brands (such as Microsoft US, Microsoft Europe, Microsoft News, and others), and broadcast a crypto Ponzi scam to thousands of users, acting it out as an official message from Microsoft’s CEO Bill Gates (the videos were usually old interviews of Gates such as a talk that he gave at Village Global in June 2019). The scams reportedly appeared on non-verified Microsoft accounts.
This is not a new scheme on the platform since a lot of hackers went on popular accounts and started broadcasting “crypto giveaways” where users have to send a sum of cryptos and expect it to double. However, they never get anything in return.
This scam is not new and Twitter had a good chunk of it a while back but now YouTube is facing it big time.
The listed Bitcoin addresses have apparently received thousands of US dollars which leads to many, many users being fooled by the scam.
Another company that got hacked the same way is “The Chaos Computer Club”, a Germany hacking community, had their account hacked and again it broadcast a similar message.
Famous faces from the crypto community also became victims of such attacks.
A video was spotted that showed an old Bill Gates interview but a link on the screen followed to a Medium article posted by Binance CEO Changpeng Zhao (CZ) about an ETH and BTC giveaway. As you can imagine, there was no real giveaway.
Recently, Ripple’s CEO Brad Garlinghouse asked for YouTube to track down the people that used his name and image for broadcasting an XRP scam.
Scammers are reported to use a fake actor (that’s right, a fake actor!) to impersonate Bill Gates who is easily recognizable but still many people fell for it and lost a lot of money. Sadly, many are using the current coronavirus pandemic to spread like wildfire scams through social media that include well-known faces from the tech and crypto industry.
Multiple livestreams are also a red flag and also the links to them disappear in just a couple of days.
Why do the scammers go wrong here?
It’s simple. Bill Gates is not a fan of cryptos. He has stated it many times in public speeches and to him such currencies are just driving illicit financing and possible drug trafficking.
To him they are short-term instruments with no real value for the long run whatsoever.
Therefore, featuring a Bill Gates BTC scam is not really clever. This is a good reminder for anyone looking to invest money in BTC to do research and make smart investments.
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