The giveaway BTC, ETH, LTC and XMR scams reappear in the cryptocurrency market

The scam cryptocurrency giveaway programs are starting to ramp up the market. Scams through giveaway are not new stories. However, this form has never been old. Over the years, influencers in the cryptocurrency market have had to change their display names to include ‘non-giver of crypto’ or those that written they do not ‘give-away’ coins.

Ethereum, Bitcoin, Litecoin, and Monero giveaway X ’mas scams arrive

As you can see, Vitalik Buterin, the founder of Ethereum, has been using this slogan for the longest time. Previously, his name was frequently mentioned in the giveaway scam program. And interestingly, as soon as Buterin dropped the ‘non-giver of ETH’ tag from his name, the fraudulent programs continued to take place under his name.

Vitalik Buterin, labeled Ethereum CEO, appears to have hosted ETH on the live stream on YouTube on a channel called ‘Ethereum.’ The video recording a total of 2,522 viewers at press time. This giveaway-giving event honors the global power of #Ethereum and #ETH. And it looks like they are announcing the launch of the 100,000 ETH Airdrop group.

The ‘live stream’ was attended by Vitalik Buterin, Joseph Lubin, Stephen D. Palley, and Ryan Selkis. It seems they are discussing all things related to Ethereum and Blockchain. However, this is just an old video on the ConsenSys media channel, titled ‘DappCon 2019 Panel feat. Vitalik Buterin and Joe Lubin’ were released on August 27, 2019.

Interestingly, giveaway has several ridiculous conditions, including having a minimum amount of Ethereum to be eligible to participate.

The full terms and conditions for participation are mentioned as follows:


Ethereum YouTube giveaway T&C | Source: YouTube

After searching for the Ether address on Etherscan, we might some people enjoy the YouTube giveaway. Looking at the comments on YouTube, it can be seen as a scam, especially with comments reaffirming that the ‘giveaway of ETH’ happened.


Source: Etherscan

Although there have been many scams involving Ethereum through old chat videos of Buterin in the past, however, many people continue to fall into the trap. This time, the giveaway scams around Monero on a YouTube channel called ‘Monero XMR’ with Charlie Lee starring in the display image, were also featured in a Monero giveaway scam.

This video describes the following:

“In this AMA, we are discussing the XMR price and talking about the Monero price prediction. Also, we have prepared a 5,000 XMR airdrop to giveaway for those who follow us.”

However, the original video of this video came from an AMA that appears to have happened during the BECSA Chain Reaction 2.0 event, which was held in August this year.


Monero YouTube giveaway T&C | Source: YouTube

At press time, a total of 1,911 views. However, due to Monero’s anonymity, it is not yet known whether this fraudulent scheme will work. Even Binance‘s CEO, Changpeng Zhao, was ‘spotted’ Bitcoin giveaway on a YouTube channel called ‘Binance English,’ along with Bittrex on ‘Bittrex International’s YouTube channel.’

Moreover, the Litecoin Foundation recently reposted a Twitter post by David Schwartz, emphasizing that there is a fake Litecoin YouTube channel that scams people; this video is no longer available.

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