Crypto scammers raised $9 million in fake YouTube posts in October.
According to the research, it was revealed that crypto scammers made $ 9 million in profits through fake crypto giveaways in October alone.
According to Tenable’s research, scammers generate revenue by promoting fake giveaways that include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), Ripple (XRP) and Shiba Inu (SHIB).
During the month of October, $8.2 million in revenue was generated by Bitcoin fraud, while $413,000 came from Ethereum fraud. With SHIB, which attracted attention with its recent rally, scammers made a total of $ 239,000.
Scammers usually prefer to make fake videos with well-known names. MicroStrategy CEO Michael Saylor, Tesla CEO Elon Musk and Cardano creator Charles Hoskinson draw attention as the names most used by scammers.
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