Scammers Steal $65,000 As YouTube Search Results Recommend Fake Apple Event Video

  • The scammer impersonated Apple, taking advantage of the highly anticipated October 18 event by the company.
  • No BTC was stolen, but more than 17 Ethereum were swindled out of their three owners.
Man holding Xiaomi Mi Mix 3 with Youtube apps

Shutterstock

Another day, another crypto scam.

Armed with YouTube SEO skills, scammers have successfully stolen 17.4789 Ethereum through the oldest trick in the book – “Send 1, get back 2 Ether”.

The scheme was perfectly timed to coincide with the October 18 Apple event, and used a fake Apple profile with a fake event live streaming video. Instead of showing powerful laptops with a notch, however, it featured generic Tim Cook videos with BTC and Ethereum address QR codes on the side.

The video was the first result for “Apple” for a short while and brought the attention of 20,000 live viewers, the majority of whom were admittedly most likely bots working to drive an SEO pump.

The video layout also recommended a fake cryptocurrency giveaway website. While we would not link a scam page, for monitoring purposes, here are the scammer’s BTC and ETH addresses. At the time of writing the BTC address has seen no action, while in 3 separate transactions, the fraudster has managed to acquire a total of 17.478988269999999999 Ether from 3 unsuspecting victims.

YouTube has been the subject of constant criticism regarding the service’s inability to shut down these frauds in a timely manner. At present, Alphabet, the owner of YouTube, is a defendant in a lawsuit filed by none other than Apple co-founder Steve Wozniak, who claims that the fake videos have damaged his reputation.

Discussion
Related Coverage
YouTube Considers Adding NFTs to Platform
  • Adding new revenue streams for creators has always been one of YouTube’s priorities, and NFTs could be the next big thing on the platform.
  • If the company does add NFTs to its platform, it could have a tremendous effect on the NFT market, considering YouTube is the second most visited website on the planet.
January 25, 2022, 9:33 PM
youtube

Shutterstock

Apple Looking For New Hire With Crypto Experience
  • While Apple is yet to expand into the crypto market, the new job offering could indicate the company is warming up to the idea.
  • The new hire must have experience with alternative payments, such as cryptocurrency, and will be responsible for leading the company’s Alternative Payments Partnerships.
Steve Wozniak Sues YouTube Over Bitcoin Scams
  • Woz accuses YouTube of using his name and likeness to profit from bitcoin scams.
  • He filed a complaint, claiming that the company has violated his right of publicity and aided fraudulent activities on the platform.