Categories: Finance

Metallica warns fans of increased crypto scam activity

Metallica warns fans of increased crypto scam activity

Metallica took to social media to its fans to warn them of a cryptocurrency scam that has surfaced online following the announcement of the band’s new album, 72 Seasons.

Metallica’s appeal followed the news that one of the fans of the band’s work was involved in a scam with crypto assets through a fake Metallica YouTube channel and lost $ 25,500. The fake channel broadcast the message that in honor of the release of the new album, all Metallica fans received a unique chance to double their cryptocurrency investments.

“Unfortunately, the ugly side of social media has surfaced. Many of you have reported to us about YouTube channels and livestreams, as well as websites claiming to offer a Metallica Crypto giveaway. Please remember, this is a scam,” the group said in a statement.

According to media reports, in September, tens of thousands of YouTube users watched a fake video in which scammers used social engineering techniques to lure platform users into a cryptocurrency scam. So, allegedly live on the Apple channel, viewers were shown a recording of an interview with CEO Tim Cook, conducted by CNN in 2018.

Source: Bits