On the evening of June 13th dozens of reports were received by YouTube notifying them that a compromised account was impersonating the Official SpaceX Youtube channel.
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The channel, which was featured content on YouTubes homepage, broadcast a SpaceX livestream event that had up 80,000 viewers. The impersonators, masquerading as the verified account SpaceX, published a bitcoin doubling contest. It was embedded within the live stream adjacent to the original content. The content, titled 5000 Bitcoin Giveaway, was ostensibly part of a SpaceX promotions/marketing campaign meant to highlight the recent launch of the Crew Dragon. _x000D_
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Within the livestream was a ticker board showing the transactions clearing the bitcoin network. To enter, a person was enticed to transfer a minimum of 0.1 BTC to an address in QR code provided within the livestream. Participants were told they would receive double their cryto back. Also within the livesteam a ticker showed the names, BTC amounts, and addresses of completed doubling transactions. _x000D_
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The more seasoned users of YouTube identified the scam and reported that an egregious violation of the YouTube Terms of Service was occurring and needed to be shut down. It took YouTube over an hour to respond, by which time unsuspecting YouTube users had transferred $150,000 to 3 bitcoin addresses.