It looks like 2020 is also becoming the year of the social media crypto scams as YouTube also suffered a first of its kind attack.
Bitcoin (Trading at $11,679 at the time of writing), started the week under pressure, as the main cryptocurrency dipped 71% from Monday to Friday. Nevertheless, Bitcoin remained above the $11,650 and $11,550 support level.
This new hard fork is named after scientist Charles Darwin. A hardfork is “an upgrade that is not compatible with the previous release because some breaking changes are introduced in the latest release. A hardfork in Binance Chain requires +⅔ validators to successfully upgrade to keep making blocks. If the existing full nodes in the network do not upgrade, they will not be able to receive and execute further blocks normally after the hardfork block height”, the announcement says:
The latest partnership witnessed the merge of the crypto wallet with the CredEarn platform. According to Yahoo Finance, this integration ‘allows wallet users to easily interact with the CredEarn platform without ever leaving the Bitcoin.com wallet application’.
According to Bitcoin.com, the whistleblower who cooperated with the gov’t was awarded $2,400.
However, the Iranian government is fully adopting the crypto ecosystem jolted by their desire to overcome the US sanctions.
In a first of its kind on YouTube, scammers managed to get access to over 2.5 million sub-accounts, live-streaming dozens of Ripple scam videos promoting XRP giveaways all over the Internet.
As a result, the American blockchain company, Ripple, decided to file a lawsuit on the social media platform, asking YouTube to have more strict measures on illusive content. Users announced on Twitter:
Update on the ongoing XRP scams on YouTube.— xrplorer.com forensics (@xrpforensics) August 17, 2020
- 1,543,000 received
- 839,000 laundered
- Most used VASPs for laundering are @binance (508K) and NiceChange (273K)
- Victims: More than 60% XRP come from @coinbase users, ~25% from private wallets, and only ~2-3% from @binance users
And this one said:
Dear @CoinbaseSupport. In the past couple of days, your users have been scammed of more than 230,000 XRP to scams promoted on YouTube.— Thomas Silkjær (@Silkjaer) August 16, 2020
Isn't it on time you started warning your users when they withdraw to potentially fraudulent accounts? https://t.co/B5crdeZRRn
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