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  • Writer's pictureCarolina Pérez

BTC Scams on Spotlight

Once again, crypto scams are in the spotlight, the most recent crypto giveaways, and yes videos promoting a 5000 BTC giveaway. Too good to be true, right? It almost always is, and although we should all be more cautious when buying into these types of publicity, it becomes worse when the person who is supposedly running a giveaway is known. It gives people security because it's an identified person. Yes, we have seen known Youtubers do giveaways, that has been true, Davinci Jeremie on his Youtube channel DavinciJ15 has done a couple of giveaways and so have many other known YouTubers. Unfourtantly, for scammers, this is a perfect strategy to mimic, and so it did. Recent videos were being promoted with the face of Steve Wozniak co-founder of Apple, and these videos were promoting a 5000 BTC giveaway, a giveaway that never took place.

“Apple co-founder Steve Wozniak and 17 other victims have sued Youtube and Google for allowing, promoting, and profiting from bitcoin giveaway scams. However, Youtube insists that it is not at fault for scammers using its video-sharing platform for cryptocurrency giveaway scams and other fraudulent schemes.”

Like this scam video, there are many others and ads included. “Scammers used images and video of Wozniak, who left Apple in 1985, to convince YouTube users that he was hosting a live giveaway and anyone who sent him bitcoins will get double the number back, according to a lawsuit filed Tuesday in state court in San Mateo County, California. “But when users transfer their cryptocurrency, in an irreversible transaction, they receive nothing back,” Wozniak said.”

“The scam also uses the names and images of other tech celebrities, including Microsoft Corp. co-founder Bill Gates and Tesla Inc. Chief Executive Officer Elon Musk, according to the suit.”

Youtube has been making a habit of striking Youtubers for content that is not harmful; we have seen this happen numerous times, including DavinciJ15. They have rigorous policies, but how are these crypto scams able to promote themselves through the platform. Are there policies less restrictive when you pay for promotion on the platform?

Today Davinci Jeremie posted a video about a giveaway he is doing, and no, its no scam.

Join the bybit competition! Win 1 BTC if we get to 2000 members even if you don't trade! One random member will be selected. Get 20% off the trading. To win all you need to do is use my affiliate link: ✅ByBit:

I hope you enjoyed it and don't trust random giveaways, do your research!

By: Carolina Pérez

Twitter: @carolinaninap

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