Fraudsters swindled 26 BTC from a user using a fake Michael Saylor account

According to the Whale Alert service, which monitors large transactions in blockchains, the owner of a cryptocurrency wallet sent 26 BTC to scammers who created a fake Michael Saylor YouTube channel.

The scammers had a fairly standard scheme – by creating a fake account of MicroStrategy CEO Michael Saylor, they launched a “New Year’s giveaway”, in which they promised to double any amount in cryptocurrencies received at the specified address.

However, there was one gullible and wealthy user. In an attempt to get “free” bitcoins, he listed to the wallet of scammers 26 BTC, which at the current rate is more than $1.1 million. According to Whale Alert, this is the largest “jackpot” broken by scammers in a single transaction.

The attackers launched Sailor’s supposedly official YouTube channel and a special website with “rules of participation”. Now both the channel and the site are already blocked. Michael Saylor himself in response to the Whale Alert wrote:

“Over the past week, 489 such scam channels have been launched on YouTube. We complain about them every 15 minutes and they are blocked within a few hours, but the scammers just start new ones.”

Chainalysis previously reported that last year the total amount of stolen cryptocurrencies was $7.7 billion, an increase of 81% compared to 2020.

You may also like