![]() While fans appreciate the efforts their favorite celebs put into creating content for them or that they answer some of their questions, scammers use the live videos to trick loyal fans out of money. Some celebrities enjoy interacting with their fans by going live on platforms like Facebook or Instagram. Facebook Live, guess and ye shall receive – or not In one such attack, the name of the Tesla and SpaceX boss was even incorporated in the Bitcoin address itself. However, Elon Musk, on the other hand, is a big fan of cryptocurrencies and as such is also often impersonated when it comes to these scams. Bill Gates is often impersonated in these scams, which in itself is an odd tactic since the Microsoft founder has often spoken out against cryptocurrencies. To make it seem legitimate, scammers often try to make it look like the giveaways are endorsed or even funded by tech titans. ![]() They then proceed to ask people to send digital cash to a bitcoin address, promising to double the sum as part of the giveaway as you might have guessed by now, the victims will never see a dime of their cryptocurrency ever again. To reach as many people as possible, criminals use a diverse array of channels, often hijacking YouTube accounts with a large number of followers or trying to spread the faux giveaways through Twitter. Fake cryptocurrency giveaways have probably been around since cryptocurrency stopped being the purview of Satoshi Nakamoto enthusiasts and started making waves once it hit mainstream coverage. This one could be considered a scam favorite. Today, we’ll look at several common ways con artists abuse the names and images of the rich and famous to break the banks and hearts of not only loyal fans. These schemes often exploit topics du jour, such as COVID-19 vaccinations, or involve evergreen lures, like scams promising a sizeable inheritance from a long-lost relative. And since variety is the spice of life, con artists like to defraud their targets using different flavors of con jobs. Online scams are one of the favorite ways criminals like to swindle unsuspecting victims out of their hard-earned money. All that glitters is not gold – look out for fake celebrity endorsements and other con jobs that aren’t going out of fashion any time soon
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