“While scammers hijacking legitimate YouTube accounts to promote fake cryptocurrency giveaways are not new, individuals are still being duped, making these scams extremely lucrative,” Tenable said in an official release. It has calculated that, across a subset of YouTube Live scams encountered over the last month alone, scammers have stolen at least $8.9 million. Ethereum scams received $413k in stolen funds, receiving on average $82,778 per scam. This technique is the gold standard for cryptocurrency scams. It’s also important for viewers to help play their part and report these YouTube Live videos as there’s a chance it might save someone from falling victim,” Narang further advised.

Source: The Hindu November 27, 2021 00:20 UTC