Security News > 2022 > May > Fake crypto giveaways steal millions reusing Elon Musk, Dorsey videos
Fake cryptocurrency giveaways are stealing millions of dollars simply by replaying old Elon Musk and Jack Dorsey Ark Invest videos on YouTube.
At a quick search, BleepingComputer found that close to 10 YouTube channels have published the discussion, albeit in a smaller format edited to include additional elements that promoted the scam, including the link to the fraudulent crypto giveaway website.
The researchers said that the sites promoted in the videos tricked the visitors into thinking that others were sending cryptocurrency and had received double their "Investment," showing a table with recent transactions as proof.
To create the fake table, the scammers used JavaScript code that generated a list of random cryptocurrency wallets and paid amounts.
From BleepingComputer's own research based only on a brief scan of all the scam videos currently running, the fraudsters stole an additional $100,000 today.
In most cases, the number of subscribers for these channels appears to have been artificially blown to add credibility to the videos promoting the scam, since they have no other content available.