The YouTube fake life scam involving cryptocurrencies is still one of the most prevalent on the internet and now appears to be targeting names outside of the financial sector. The band metallicaone of the most famous in the world and responsible for achieving Heavy Metal in the public mast, warned his fans about being scammed by using the name of the band and their new album.
The warning was issued through the official profile ofmetallica on Instagram after a fan of the band lost an estimated $25,000 in the fake Bitcoin promotion scam on YouTube.
The message to fans specifically warns about scams involving YouTube and bogus cryptocurrency promotions.
“With the arrival of the exciting news last week of our new music, new album and new tour, unfortunately the downside of social media has also emerged. Many have spoken to us about lives and YouTube channels, as well as websites, saying they are offering Metallica-linked cryptocurrencies in conjunction with last week’s announcements.
Cryptocurrency scam showing Metallica on YouTube
The scam involving the band is the old fake lives on YouTube, unfortunately something that has already become commonplace on the largest video aggregator in the world.
As always, criminals promise to double the value of bitcoins received in a wallet, but the bitcoins sent simply go into the scammers’ pockets and are never seen again.
The post made it clear that all these promotions are fake and it is important for fans to always be updated through the band’s official channels.
“Let’s be as clear as possible. This is all a scam. These promotions are shown on fake YouTube channels, pretending to be our channels or linking to sites we have no affiliation with. Remember: all of our official social media channels are checked.”
The band also thanks the fans who warn and report this scam.
Every channel that promotes fake lives has been hacked and the legitimate owner has lost access to their videos. Unfortunately, a problem that YouTube has not yet been able to solve and continues to claim victims.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
