Scam Alert: MicroStrategy.Fund Bitcoin Giveaway Scam Amasses Over $400k
Fraudsters are impersonating MicroStrategy’s CEO, Michael Saylor, via the website MicroStrategy.fund. Like most Bitcoin giveaway scams, the MicroStrategy.Fund scam is asking users to send BTC or ETH to a designated address with the hope of getting twice the amount back.
The scheme attracts participants by hijacking YouTube channels with millions of followers and then playing a clip of a Michael Saylor interview. The description and a link provided to the streaming video playback then directs users to the fake website to participate in the Microstrategy.fund scam.
As shown above, the fake YouTube channel has over 6 million subscribers, compared to MicroStrategy’s official YouTube channel that has less than 20,000 subscribers. Sadly, the above MicroStrategy.fund scam is also popping up on Google searches for “MicroStrategy YouTube.”
Fraudsters are building on the goodwill that MicroStrategy CEO Michael Saylor has built in the past year, making his company the largest known corporate bitcoin holding company. Earlier this week, the company breached the 100,000 BTC milestone and has held on to the stack despite current market conditions.
