Christmas has arrived and so have cryptocurrency giveaway scams with their enticing offers on YouTube. Giveaway scams are no new tale to tell in the cryptocurrency market. It’s been plaguing the space for years, even forcing notable crypto-influencers to alter their display name to include ‘non-giver of crypto’ or those that clarify they do not “give-away” coins.
One of the well-known people in the cryptocurrency space who sported the tagline for the longest time was undoubtedly Vitalik Buterin, the creator of Ethereum. Interestingly, as soon as Buterin dropped the ‘non-giver of Eth’ tag from his name, the scams taking place under his name also took another turn.
Vitalik Buterin, labeled “Ethereum CEO,” has apparently been holding an ETH giveaway on a YouTube live session on a channel named ‘Ethereum’, with the video recording a total of 2,522, viewers at press time. The reason for the giveaway event was cited as “To celebrate the global power of #Ethereum and #ETH,” adding “we are proud to announce initiating the airdrop pool of 100 000 ETH !!”
The “live session” features Vitalik Buterin, Joseph Lubin, Stephen D. Palley, and Ryan Selkis, discussing all things Ethereum and blockchain. A quick google search of the names directs to a YouTube video on the ConsenSys media channel, titled ‘DappCon 2019 Panel feat. Vitalik Buterin and Joe Lubin,’ which dates back to August 27, 2019.
Interestingly, the giveaway has some ludicrous conditions, which include having a minimum amount of Ethereum just to be eligible for participation. The complete terms and conditions for participating are mentioned as:
Along with the conditions, a search of the Ether address on Etherscan suggested that there were some who fell for the YouTube giveaway. A look at the YouTube comments indicates that it’s a scam, especially with the comments reaffirming that the ‘promised giveaway of ETH’…