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Metallica Issues Crypto Scam Warning Ahead of 72 Seasons Album Launch

Published on

February 5, 2023
Read Time:1 Minute, 45 Second

It is fairly apparent that dangerous actors left no stone unturned as legendary metallic band Metallica warned followers about crypto giveaway scams simply forward of their much-anticipated launch of their new album 72 Seasons.

Capitalizing on the thrill surrounding the discharge of Metallica's new album and upcoming tour, scammers have begun focusing on metalheads by way of social media impersonation. Nonetheless, Metallica was fast to level out "the ugly aspect of social media" and urged followers to avoid Metallica Crypto giveaways, stating:

"Let's be as clear as doable. [Metallica crypto giveaways] are frauds.”

Unhappy however true, Cointelegraph lately highlighted a surge in front-running fraud on YouTube, which has elevated by 500% in a 12 months, in accordance with blockchain safety agency CertiK. The continuing Metallica scams add to the stats, because the band warned about faux YouTube channels that hyperlink to unofficial phishing websites.

Followers have additionally been requested to restrict their interactions to verified Metallica accounts, particularly when coping with data which may be thought of "wild and loopy to be true."

⚠️ pic.twitter.com/KmlofVdiBM

— Metallica (@Metallica) December 6, 2022

Whereas the crypto group is conscious of the telltale indicators of a rip-off, the alert goals to warn non-crypto and common followers who could also be simpler victims of the brand new rip-off.

Metallica additionally shared an inventory of official social media channels to make sure no followers fall for the rampant crypto giveaways.

Associated: Singapore police warn traders of FTX phishing rip-off: report

The crypto scammers did not even spare FTX CEO Sam Bankman's victims as deepfake movies surfaced promising a "giveaway" that will "double your cryptocurrency."

Over the weekend, a verified account posing as FTX founder SBF posted dozens of copies of this deepfake video providing FTX customers “compensation for the loss” in a phishing rip-off designed to steal their crypto wallets to empty pic.twitter.com/3KoAPRJsya

— Jason Koebler (@jason_koebler) November 21, 2022

The movies in query use outdated SBF interview clips and manipulate the audio to unfold misinformation in regards to the FTX funds' restoration plan.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : February 5, 2023
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