YouTube ad-based cryptoscams impersonating SpaceX, Tesla, and Elon Musk have stolen over $1M. The scam tricks victims into buying a fake cryptocurrency by using fake tweets, legitimately purchased YouTube ads, a trusted decentralized exchange in Uniswap, and the popular wallet provider MetaMask.
- The ads feature a fake tweet by Elon Musk where he announces that he is launching a cryptocurrency called $SpaceX.
- They urge viewers to visit a host of websites like “buyspacex.com,” “missionspx.com,” and “muskspx.com.” From there, the website instructs victims to buy the coin by installing Metamask and visiting Uniswap to exchange Eth for $SpaceX.
- Uniswap warns users that this is a potentially nefarious token and issues messages asking them if they are sure before continuing, yet those safeguards allow the user to "buy" the $SpaceX tokens.
- This scam is different than others that also tell victims to send assets to a malicious wallet to increase value as it uses legitimate parties to shill fake tokens.