• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Fake SpaceX YouTube Channel Dupes $150K in Bitcoin from Unsuspecting Victims
SpaceX YouTube Channel

Fake SpaceX YouTube Channel Dupes $150K in Bitcoin from Unsuspecting Victims

June 11, 2020 by Yvette Mwendwa

Cryptocurrency scammers have managed to dupe unsuspecting victims of $150,000 using the oldskool “free giveaway ” strategy. The fake SpaceX YouTube channel, which copied the YouTube account of Elon Musk’s Space Exploration Technologies Corporation, managed to steal at least $150,000 by hosting free live BTC giveaways.

Bleeping Computers’ report recently claimed that hackers attacked a number of recognized YouTube accounts and compromised their branding and content to imitate that of a space exploration corporation.

BTC giveaways scam and fake SpaceX YouTube Channel

The fake SpaceX YouTube channel then broadcasts archived Elon Musk videos as if they were live footage and asks viewers to transfer BTC to receive double the amount they send. According to the report, more than 80,000 viewers have watched a fake live event; 15.31 bitcoins have been stolen since June 8.

The scammers had two BTC addresses where victims were asked to transfer their funds. One of the addresses received 29 different transactions for a total of 4.08 bitcoins worth $39,840 over time. The second address had a total of 84 separate transactions of 11.23 bitcoins worth approximately $110,000.

The Chief of SpaceX, Elon Musk, is familiar with the scenarios in which his name is used.

The crypto scam level on Twitter is reaching new levels. This is not cool.

— Elon Musk (@elonmusk) February 1, 2020

Cryptocurrency scams on the rise 

Scammers have been adopting a strategy of imitating famous people for a long time now. Notably, crypto-related scammers have even impersonated members of the British royal family to achieve their evil aims.

In addition, many scammers have benefited from the spread of coronavirus to peddle their evil schemes. In particular, fraudsters imitated charities of the World Health Organization (WHO) and sent thousands of phishing emails to people around the world.

Filed Under: News Tagged With: Bitcoin Adoption, Bitcoin scam, Elon Musk, free giveaway, spacex, SpaceX YouTube Channel

Primary Sidebar

Recent Posts

  • Massive Solana Whale Transfer Unfolds: Is a SOL Surge Incoming? July 4, 2025
  • Ethereum Surges to $2,593: Will It Smash Through $3,000 Next? July 4, 2025
  • First Bank to Offer Ripple’s RLUSD Stablecoin: Swiss AMINA Launches Custody and Trading July 4, 2025
  • Solana Price Eyes $300 as Derivatives Metrics Turn Bullish July 4, 2025
  • XRP Price at a Tipping Point: Key Levels and Senate Hearing Could Trigger a Shift July 4, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.