A live stream being promoted on Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) YouTube for some users on their homepages featuring Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, Block Inc. (NYSE:SQ) CEO Jack Dorsey and Ark Invest founder Cathie Wood is, in fact, a cryptocurrency giveaway scam.
The video, being live cast by a YouTube channel called “Ark Invest – (Corporation),” features the caption “Elon Musk & Cathie Wood ETH will drop soon. An important message for crypto investors.”
Screenshot of the scam on YouTube
The YouTube channel promises to double the amount of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) sent to their wallet addresses.
The original video being used in this scam is from Ark’s B Word conference, which took place in July 2021. This isn’t the first time that a video of this conference is being used in a cryptocurrency-giveaway scam on YouTube.
Musk has previously criticized the platform for its inability to eliminate what he says are “nonstop scam ads.”
Read Next: Watch Out: These Deepfake Videos Of Elon Musk, Cathie Wood Can Lead To Stolen Crypto
Photo via Maryna Linchevska on Shutterstock
