Apple Crypto Scam Leads to 165,000 Users to Shady Crypto Websites
Apple Crypto Scam: Scammers tried to profit from Wednesday’s Apple iPhone 14 “Far Out” launch by broadcasting a fake live show on YouTube. The bad actors tricked thousands of users into believing it was a live broadcast through an old interview with Apple CEO Tim Cook. The fake iPhone 14 live video promoted a crypto scam by placing ads that took users to fake crypto websites.
The cryptos advertised on the bogus websites were novice and obscure and mainly lured users to invest in them.
The fake live stream ad banners displayed ‘Apple is buying 100,000 Bitcoins’ and Tim Cook is organizing a giveaway of cryptos. The banner lured users to click on it in an attempt to fool them with fake Bitcoin giveaways. The ads consecutively stated that Apple is investing in Bitcoin when in reality it is not.
It is reported that nearly 165,000 users were watching the fake Apple iPhone 14 launch event on YouTube.
Surprisingly, a simple search on YouTube for ‘Apple Event’ showed the fake live stream on the first page. The fraudsters managed to trick YouTube with relevant SEO, keywords, and hashtags, making it appear on the top. The bad actors earned with revenue clicks generated on the fake live stream and also on the bogus crypto website.
Apple & Other Shady Crypto Scam Live on YouTube
This isn’t the first time that scammers have cheated users with fake live streams on YouTube. Tesla CEO Elon Musk was seen in hundreds of fake live streams as bad actors mend the video sharing platform’s algorithm.
Musk was seen in several fake live streams talking about dogecoin and Shiba Inu.
In tech news, Apple unveiled the long-awaited iPhone 14, Watch Series 8 and Ear Pods 2. New features include a larger lens for the iPhone 14 Pro’s rear camera compared to the iPhone 13 Pro. This new phone also has a 48MP camera, upgraded battery life and screen size.