Face Verification
Address Verification
Document Verification
Age Verification
Video KYC
Fast ID
eIDV
NFC Verification
Consent Verification
Business Verification
Due Diligence
Investor Verification
E-Signature
Behavioural Biometrics
Device Fingerprinting
MFA
AML Screening
Business AML Screening
User Risk Assessment
Transaction Screening
Adverse Media Screening
Identity Verification
KYC
KYB
KYI
Bonus Abuse
Fraud Prevention
Banking
Crypto
Fintech
Forex
Gaming
Gig Economy
Marketplace
Social Networks
Product Managers
Compliance Officers
Fraud Analyst
Global Trust Platform
Journey Builder
Content library
Blogs
News
Reports
Insights
Knowledgebase
ROI calculator
Blind Spot Audit
Deepfake Detection
Liveness Spoofs
Document Originality
Document Deepfake
Events & Webinar
Podcast Studio
Spotlight Studio
API Documentation
Mobile SDKs
Service Status
Help Center
Contact Us
Technical Support
Compliance
Supported Document
About
Career
Press Release
Certifications
Partnership
Awards
Cryptocurrency criminals are lurking on Youtube
Cryptocurrency criminals are lurking on YouTube, a recent lawsuit filed by Apple co-founder Steve Wozniak claims.
Most of the schemes involve scams that purport to be giving bitcoins away but in fact are designed to steal the virtual money, along with other types of cryptocurrency, from users of the popular streaming video site.
A July study by analytics firm Whale Alert found that YouTube users had lost $24 million in bitcoin and related scams in the first six months of 2020. That’s up from $14 million over the prior three and a half years combined. Crypto Scams are reaching new heights this year.
YouTube told CBS MoneyWatch it removed 2.3 million videos and closed 1.7 million accounts in the first three months of the year in connection with bitcoin scams and other deceptive practices on its platform. YouTube did not confirm how many of those scams included cryptocurrencies, but the spokesperson denied that bitcoin-related fraud is a major problem for the site.
Recommended for you:
