The iconic metal band Metallica cautioned its fans of cryptocurrency giveaway scams through social media impersonation by scammers just before the release of its much anticipated new album, 72 Seasons.
Scammers have begun impersonating metalheads on social media in an effort to capitalize on the excitement around the release of Metallica’s new album and impending tour. However, Metallica was quick to draw attention to “the dark side of social media,” urging followers to avoid Metallica Crypto giveaways, saying:
“Let’s be as clear as possible. [Metallica crypto giveaways] are scams.”
Cointelegraph recently reported on an increase in front-running scams on YouTube, which CertiK, a blockchain security company, claims has increased by 500% in the last year. The persistent Metallica frauds are a factor in the data since the band issued a warning about bogus YouTube channels that direct users to malicious phishing websites.
Additionally, Metallica fans were urged to refrain from communicating with anybody other than verified accounts while dealing with material that could seem “wild and crazy to be genuine.”
The advisory intends to warn non-crypto and general enthusiasts who may be easy targets of the new fraud, even if the crypto community is aware of the telltale signals of a scam.
To prevent their followers from falling for the widespread cryptocurrency giveaway frauds, Metallica also provided a list of their legitimate social media accounts.
As deepfake videos appeared offering a “giveaway” that would “double your bitcoin,” the cryptocurrency fraudsters spared no one, not even the victims of FTX CEO Sam Bankman.
The films in question propagate false information regarding the strategy for recovering FTX’s cash by using audio that has been altered and outdated interview footage from SBF.
