Security News > 2020 > April > Bill Gates’s YouTube ‘Bitcoin giveaway’ is a big fat scam

On Monday, a video of former Microsoft CEO Bill Gates could be found playing on multiple YouTube channels that were broadcasting a well-known cryptocurrency Ponzi scam, ZDNet reported.

In November 2019, cryptocoin news site Coin Rivet reported that scammers were hopping on YouTube live streams to bilk people by posing as the official foundations and development teams of popular cryptocurrencies.

The news outlet grabbed some screenshots of the scam pitch before YouTube fly-swatted them to oblivion.

Then came the rules, a schedule of how much Bitcoin you'd need to send to the scammers' Bitcoin wallet, and a list of how much "Oh ₿-₿-₿-₿OY!!!!!" profit you'd make.

Here's our short, sweet suggestion on how to avoid getting taking in by these shysters, be they latching their claims onto an old Bill Gates videostream or riding the coat tails of cryptocurrency celebs: If in doubt, don't give it out, and that definitely includes your money!

News URL

https://nakedsecurity.sophos.com/2020/04/01/bill-gatess-youtube-bitcoin-giveaway-is-a-big-fat-scam/