The project director of the Litecoin Foundation is warning the crypto-curious about an apparent scam on YouTube.<\/p>\n
David Schwartz says a YouTube channel posing as the Foundation recently broadcast a video of the 2019 Litecoin Summit, pretending it was happening live.<\/p>\n
The description of the video falsely states that the Litecoin Foundation is now giving away 100,000 LTC.<\/p>\n
**ATTENTION**<\/p>\n
There is a fake Litecoin Foundation youtube channel scamming people out of their #LTC as we speak.<\/p>\n
DO NOT believe the channel and what it is offering! This is NOT the official Foundation youtube channel.<\/p>\n
Thanks @naomibrockwellhttps:\/\/t.co\/4Wb0fY4kLv<\/p>\n
David Schwartz (aka Dasch) (@DaddyCool1991) December 23, 2019<\/p>\n
The video deploys a classic crypto scam, claiming that anyone who sends LTC to a certain address will receive a larger amount of LTC in return.<\/p>\n
Its the latest reminder that the vast majority of crypto giveaways are likely scams especially those that ask people to send crypto to an address.<\/p>\n
Similar schemes are trying to trick Ripple and XRP supporters, with many people in the community postingalerts via Twitter.<\/p>\n
NEW SCAM ALERT<\/p>\n
These tweets will lead you to a webpage or youtube, trick you to send them XRP, and convince you on getting back double or more XRP in return!!!#XRPCommunity! NEVER NEVER SEND YOUR XRP TO THESE SCAMMERS! THIS IS NOTHING BUT A SCAM! pic.twitter.com\/S3bsXhcBmE<\/p>\n
PandaRippleXRP (@RipplePandaXRP) December 17, 2019<\/p>\n
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Litecoin Foundation Warns Fake 100,000 LTC Giveaway Scam Spreading on YouTube - The Daily Hodl<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The project director of the Litecoin Foundation is warning the crypto-curious about an apparent scam on YouTube. David Schwartz says a YouTube channel posing as the Foundation recently broadcast a video of the 2019 Litecoin Summit, pretending it was happening live. The description of the video falsely states that the Litecoin Foundation is now giving away 100,000 LTC Continue reading