Affected platforms: YouTube platform
Impacted parties: YouTube platform, YouTube users, and @chamath
Impact: L

Another BitCoin Exchange Scam—This Time “Live” on YouTube

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2021-06-16 00:00:07

Affected platforms: YouTube platform Impacted parties: YouTube platform, YouTube users, and @chamath Impact: Loss of funds and reputation Severity level: Critical

Many people today, especially as the effects of Covid-19 continue to linger, spend time at home looking for ways to interact with the outside world. This has led to a significant increase in Social Media interactions, primarily on media streaming websites like YouTube. And as new activities like this trend, malicious entities are never far behind. Like many of you, I too am always on the hunt for original content on YouTube. But while recently doing so, I accidently stumbled upon a “LIVE” Bitcoin (Ƀ) donate/exchange scam video.

After verifying that this video was not just a scam but also malicious in nature (which I explain in this blog), the FortiGuard Labs team reached out to the YouTube platform for assistance in taking the video down in the interest of user safety.