72 album release and bitcoin fraud:
Scammers have begun impersonating metalheads on social media to capitalize on the excitement around the release of Metallica’s new album and upcoming tour.
The fact that iconic metal band Metallica warned fans of cryptocurrency giveaway scams just before the release of its eagerly anticipated new album, 72 Seasons, makes it very clear that criminal actors have done no research left undone.
Scammers have begun impersonating metalheads on social media to capitalize on the excitement around the release of Metallica’s new album and upcoming 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 explicit as we can. Crypto gifts from Metallica are frauds.
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 past year. The persistent Metallica scams are a factor in the data since the band warned about bogus YouTube channels that direct users to malicious phishing websites.
Additionally, Metallica fans were urged to refrain from communicating with anyone other than verified accounts while dealing with information that might seem “wild and crazy to be genuine.”
— Metallica (@Metallica) December 6, 2022
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.
Metallica also provided a list of their official social media accounts to prevent their followers from falling for the widespread cryptocurrency giveaway frauds.
As deepfake videos appeared promising a “giveaway” that would “double your cryptocurrency,” the cryptocurrency scammers spared no one, not even the victims of FTX CEO Sam Bankman.
Over the weekend, a verified account posing as FTX founder SBF posted dozens of copies of this deepfake video offering FTX users "compensation for the loss" in a phishing scam designed to drain their crypto wallets pic.twitter.com/3KoAPRJsya
— Jason Koebler (@jason_koebler) November 21, 2022
The films in question propagate false information about the strategy for recovering FTX’s funds by using audio that has been altered and old interview footage from SBF.