Scammers exploited the excitement surrounding SpaceX’s recent Starship rocket launch, flooding YouTube with over 35 channels promoting crypto-doubling schemes. Utilizing AI-generated fake Elon Musk videos, these scams enticed viewers to scan QR codes linked to fraudulent websites. Notably, high-profile figures like Elon Musk have been frequent targets of such deceptive tactics.
Scammers target SpaceX launch
During SpaceX’s fourth test launch of the Starship rocket on June 6, cybercriminals capitalized on the event to inundate YouTube with fraudulent live streams. Identified by cybersecurity experts at Avast Threat Labs, these scammers hijacked multiple channels to propagate the classic “double your crypto” scheme.
Deceptive promises of doubling cryptocurrency
The modus operandi of these scams involves impersonating well-known personalities to lure unsuspecting victims into sending cryptocurrency to the scammer’s wallet, with the false assurance of doubling their investment. By synchronizing their fake live streams with the official SpaceX launch, scammers aimed to lend credibility to their fraudulent activities.
Among the deceptive tactics employed, one channel masqueraded as an official SpaceX account, broadcasting four simultaneous live streams featuring AI-altered videos of Elon Musk. In these videos, the fake Musk encouraged viewers to scan QR codes purportedly linked to a special website promising cryptocurrency doubling.
Impact and response
Despite the live streams garnering significant viewership, with some exceeding 100,000 viewers, the precise extent of the scam’s impact remains undisclosed. Following detection, the fraudulent streams were promptly removed, though the number of individuals deceived by the scam remains uncertain.
Elon Musk’s persistent targeting
Elon Musk, renowned for his discussions on cryptocurrencies with millions of followers, has consistently been targeted by scammers. Past incidents, including the April 8 solar eclipse, witnessed similar scams flooding YouTube, featuring fake SpaceX giveaways and QR codes leading to fraudulent websites.
In light of the escalating prevalence of such scams, Refundaroo encourages vigilance among investors and advises thorough verification of investment opportunities. Stay informed and protected from fraudulent schemes with Refundaroo’s expert guidance.
For more updates on safeguarding your investments and defending against cryptocurrency scams, stay connected with Refundaroo. We are dedicated to actively combating scams and assisting victims. If you have been affected, don’t hesitate to reach out to us to check if you have a case. Together, let’s work towards a safer investment landscape.
