The fact that iconic metal band Metallica warned fans of cryptocurrency giveaway scams just before the release of its eagerly anticipated new album, 72 Seasons, makes it very clear that criminal actors have done no research left undone.
Scammers have begun impersonating metalheads on social media in an effort to capitalize on the excitement around the release of the metal band’s new album and impending tour. However, Metallica was quick to draw attention to “the dark side of social media,” urging followers to avoid Crypto giveaways in the name of the band, saying,
“Let’s be as clear as possible. [Metallica crypto giveaways] are scams.”
It was recently reported that an increase in front-running scams on YouTube, which CertiK, a blockchain security company, claims has increased by 500% in the past year. The persistent metal band’s scams are a factor in the data since the band issued a warning about bogus YouTube channels that direct users to malicious phishing websites.
Additionally, the band’s fans were urged to refrain from communicating with anyone other than verified accounts while dealing with information that might seem “wild and crazy to be true.”
Metallica Names List Of Social Media Channels
The advisory intends to warn non-crypto and general enthusiasts who may be easy targets of the new fraud, even if the crypto community is aware of the telltale signals of a scam.
To prevent their followers from falling for the widespread cryptocurrency giveaway frauds, Metallica also provided a list of their official social media accounts.
As deepfake videos appeared promising a “giveaway” that would “double your cryptocurrency,” the cryptocurrency scammers spared no one, not even the victims of FTX CEO Sam Bankman.
According to local news outlet Channel News Asia, the police warned the public on 19 November 2022 about a website that requests FTX users’ login information and purports to be housed by the US Department of Justice. Targeting local investors concerned by the FTX collapse, the unnamed website asserts that clients “would be able to withdraw their funds after paying legal fees.”
The films in question propagate false information about the strategy for recovering FTX’s funds by using audio that has been altered and old interview footage from SBF.