Monero (XMR) Giveaway Christmas Scams Arrive
Christmas brought crypto scams as well with all kinds of offers on YouTube.
Speaking of YouTube, you probably are already aware that the video-sharing platform hit the crypto industry really bad these days.
Santa Claus brought some pretty nasty gifts to the crypto community through YouTube as they decided to take down all kinds of crypto content from really important influencers without any warning. The issue is under analysis, and we’ll get back with more details.
Giveaway scams are nothing new in the crypto space, and these have been plaguing the industry for quite a while.
Monero crypto scams pop up for Christmas
AMBCrypto noted that a lot of scams had included Ethereum’s Vitalik Buterin in the past now they are rallying around Monero’s Riccardo Spagni on a YouTube channel called ‘Monero XMR’ with Charlie Lee starring in the display picture, also was featured in another Monero giveaway scam.
The description stated, “In this AMA, we are discussing XMR price and talking about Monero price prediction. Also, we prepared an airdrop of 5000 XMR to giveaway for our followers.”
The original AMA seems to have happened during the BECSA Chain Reaction 2.0 event, which was held in August this year.
It’s best to head over to AMBCrypto’s original article in order to learn more details on such scams.
Monero in the crypto market
In terms of pricing, today, the whole crypto market looks bloody with the most important digital assets trading in the red.
Monero is no exception, and the privacy-oriented coin is also trading in the red at the moment of writing this article.
XMR is placed on the 16th position on CMC, and the digital asset is priced at $46.14.
Monero made headlines just a couple of days ago when it’s been revealed that Poloniex crypto exchange abolished the KYC Process.
In a new blog post, Poloniex revealed that users could trade XMR and cryptos in the future without having to reveal their identity.
Ex-Google engineer, Charlie Lee is the creator of Litecoin and MD of the Litecoin Foundation. Previously Director of Engineering at Coinbase, Lee now focuses full-time on Litecoin. To enhance fungibility and privacy of LTC, integration of MimbleWimble has begun, however Lee has recently announced a crowdfunding launch to fund the development.
Vitaly Dmitriyevich "Vitalik" Buterin is the co-founder of Ethereum, the world's most popular smart contract platform that enables developers to build decentralized applications (at the time of wirting this, ETH has a market cap pf $2B). Prior to his development of Ethereum, Buterin was the co-founder of Bitcoin Magazine.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.