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Youtube is verifying (ticking) scam channels which imitate legitimate crypto channels

All Cryptocurrencies

by COINS NEWS 110 Views

This is the official CoinMarketCap channel: https://www.youtube.com/@CoinMarketCapOfficial

This is a scammer one (don't click on it if you are afraid to): https://www.youtube.com/@Cmcnewsoffical

The scammer channel has copied the name and banner of the official channel and has even listed videos from it. Its main video promotes an Amazon token distribution scam. It's pretty well made and may fool some people.

The scam channel has a tick on it and 1.55 million subscribers. That's over 4 times what the official channel has.

It is unacceptable that Youtube would allow this channel to have a verified tick on it. There are a lot of noobs who may fall for these scams. When you see some Youtube comments promoting new Amazon tokens such as AZ44RT it is for scams such as these.

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