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Benzinga

Business

Shivdeep Dhaliwal

No, Terra (LUNA) Founder Do Kwon Isn't Offering You Free Bitcoin Or Ethereum

Do Kwon Bitcoin Ethereum Binance Elon Musk

A scammer is pretending to be Binance on YouTube and running a Bitcoin (CRYPTO: BTC) and Ethreum (CRYPTO: ETH) giveaway scam.

What Happened: A link included in the YouTube video pitches the scam as the “Biggest Luna Foundation Giveaway” by Terra (LUNA) co-creator Do Kwon.

Screenshot Of The Scam In Progress On YouTube

The scam website linked in the video claims that the “giveaway” is sponsored by Binance, Coinbase Global, Inc (NASDAQ:COIN) and Tesla Inc (NASDAQ:TSLA) among others.

Screenshot Of The Website Featuring The Purpoted BTC/ETH Giveaway

The Ethereum wallet shared by the scammer had garnered 12.02 ETH, worth $24,935.47 at press time.

The total coins received by the scammer in their Bitcoin wallet totaled 1.71 BTC, worth $52,001.10 at press time. The balance held in the wallet was 0.852 BTC worth $25,861.78.

See Also: Best USDC Interest Rates

Why It Matters: The video shared by the scammer features the podcaster Laura Shin of the Unchained Podcast. The interview dates back to March 29.

Recently, a scammer was noted on Tesla CEO Elon Musk’s Twitter page asking for Dogecoin. A YouTube livestream scam featuring Musk and Twitter Inc (NASDAQ:TWTR) founder Jack Dorsey garnered thousands in Bitcoin and Ethereum in April.

Read Next: No, Elon Musk Didn't Ask Out Sky Ferreira At Met Gala And Get Rejected

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