A bitcoin user lost more than 26 BTC worth $1.14 million to online thieves posing as MicroStrategy chief executive officer Michael Saylor.
Whale Alert stated, "this scam received the single largest payment ever to a fake giveaway."
Saylor said he reports the scammers to YouTube every 15 minutes, and they are pulled down hours later, but the criminals are relentless.
https://beincrypto.com/bitcoin-user-loses-record-1-1m-scam-michael-saylor-giveaway/Another ironic story. For me, it looks exactly like this. A person who owns 26 BTC falls for the bait of scammers who, allegedly on behalf of Michael Saylor, promise to double his capital. Maybe I'm too skeptical. Having a decent capital in bitcoins, it would be worth checking the information on several channels than throwing away bitcoins, counting on increasing your capital. While those 26 BTC may not have been the last in his portfolio, and for the owner is not a big loss.
I wonder what sort of promises this person was given and how much they were promised in order to lure them into sending that money. Unless they somehow intercepted internal communications, this person was probably being exceptionally greedy and should have verified the transfer by at least 2 other methods before sending. I'd expect to at least visit their offices in person and get verifiable contracts in place. Besides that though, it feels like Youtube is too often helping these scammers - they long ago abandoned staff driven moderation and it appears their automated systems are getting defeated by scammers all the time, which is how they are able to snag so many victims in the first place. Until Alphabet, Google and Youtube start paying for these crimes - in fines and if necessary jail time for executives - committed via their services it is unlikely to stop. They are making billions in profits but do not put proper safety systems in place.
