Be On The Lookout For SpaceX YouTube Scams

Very recently there was a scam going around on YouTube in which hackers were able to steal $150,000 in bitcoin this past week. The scammers hacked into actual YouTube accounts and changed the branding to impersonate SpaceX (Elon Musk’s rocket company).

To make it even more convincing they put on a live stream of past videos when Musk was interviewing during the test flight launch.

They then asked for small amounts of bitcoin and offered double the amount back in return. Before getting banned from the platform for violating YouTube policy, the scammers managed to rake in 11.25 BTC in one account and 5.51 BTC in another online wallet with a total of 122 transactions.

There have been quite a few different Elon Musk scams on the rise so here’s what you should watch out for:

  1. If something seems too good to be true, it probably is. Don’t jump the gun on some wild investment opportunities without questioning it’s legitimacy.
  2.  It’s been speculated that the scammers were able to access these YouTube accounts through data breaches from different websites. People can spoof a lot of things online, so make sure you’re updating your passwords and keeping them unique.

Stay safe!