Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Business » Despite Crypto Bans, YouTube Now Shows Scam Ads Asking Users to Send Bitcoin

Despite Crypto Bans, YouTube Now Shows Scam Ads Asking Users to Send Bitcoin

by

BTC Giveaway Scam Ads Featuring Changpeng Zhao, Vitalik Buterin, Steve Wozniak, and Joe Rogan Shown to Thousands

Despite Crypto Bans, YouTube Now Shows Scam Ads Asking Users to Send Bitcoin

Share this article

YouTubers have reported seeing fake BTC giveaway ads pop up while watching content on the streaming platform. Many users, especially those in the crypto community, are angry and confused as to how YouTube would let this happen. 

YouTube Scam Asks Viewers to Send Bitcoin

When users click on a video, they are instead greeted by a cumbersome advertisement to send Bitcoin for an instant 2x return.

At the time of writing, users have reported four types of ads featuring a variety of prominent celebrities in crypto and beyond, such as Changpeng Zhao of Binance, Ethereum’s Vitalik Buterin, co-founder of Apple Steve Wozniak, and podcast host Joe Rogan.

The design of the ads is similar, suggesting they’ve been created by the same person or group of people. 

According to some users, these advertisements have been going on for weeks. A user on Reddit wrote:

“I’ve been seeing 3 to 5 live videos, mostly faking Gemini’s identity, pop up every. single. day for over a week. I’ve been reporting it but it seems totally useless when it takes YT 10+ min to remove those live. Maybe Gemini should get involved?”

These blatant scams come amidst sweeping censorship of a variety of different crypto educational channels.

Crypto Twitter has been vocal on the matter, blaming YouTube for hypocrisy in response to the systematic banning of crypto content creators over the past six months.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.