Cryptocurrency scams, in which bad actors are trying to offer something too good to be true (usually to double one’s assets), are unfortunately, an inevitable part of the industry. The most recent example came some hours ago when Apple hosted a live event with regards to the launch of new iPhones, AirPods, and Apple Watches.


When the nearly 50-year-old tech giant announces a new generation of its product line, all eyes are typically on the company and all their events. This was the exact situation yesterday when Tim Cook and co unveiled the new set of iPhones (14), AirPods, and Apple Watches.


However, bad actors and criminals were also ready. Some bad actors expected people to be turning in to watch Apple-related videos on YouTube so scammers edited and reshaped an old interview with the company’s CEO and used it to promote a fraudulent cryptocurrency website.


According to the Verge, the video had plenty of red flags of being fake. This includes a weird title – “Apple Event Live. Ceo of Apple Tim Cook: Apple & Metaverse in 2022” and had tens of thousands of people watching at some point.


However, the criminals had added the BTC and ETH logos on the livestream and links that redirected viewers to a dubious URL that had no connection to Apple. The Verge said YouTube eventually took down the video after a while.


These types of crypto scams have been ongoing for a long time. The perpetrators usually use a famous brand or person to trick victims into sending cryptocurrency to their wallets while promising to double them in return. While this sounds like the blatant scam it is, there has been numerous occasions where they turned out to be profitable.


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