In today’s Exponential Investor:
- Access to our most exclusive crypto intel
- Does Tiger own bitcoin and does Elon back him?
- Understanding and avoiding a YouTube crypto scam
What you’ll find below is a top-to-bottom explanation of a new scam I spotted on YouTube recently. This was first published last week to subscribers of my crypto advisory service Crypto Profits Extreme.
Normally everything I publish there is for subscribers only – it’s where I give them my best intel on the most potential-packed crypto that I believe could mint a small fortune over time. But it’s also where I provide all the insight, knowledge and expertise I’ve picked up in crypto markets over the last decade.
However, sometimes there are things that for the greater good need to be shared with everyone. That’s why today I want to share this piece with you because there’s a good chance you might see this scam or you might know someone who sees it.
If we can arm you with the knowledge to know how to spot and avoid these scams, and then have you pass the knowledge and insight on to others, then we’ve made a difference.
That said, I encourage you to not only read this and understand this new kind of scam, but to pass this piece on to share with friends and family. That way they too can see it, understand it and avoid it, so they can stay a little safer not just in crypto, but online.
Read on, and see how the latest crypto scam on YouTube unfolds…
I had to take a sick day last week. The kids got some bug from a soft-play centre (I’m assuming) and then it ripped through us all, one by one by one by one.
First my wife got it, then my youngest got it, then my eldest got it and it decided to finish itself off with me.
As I was resting, I happened to jump on to YouTube (as you do). I started watching some stuff (usually boats, cars, music, movie trailers and golf) but it was something golf related that caught my eye… and it raised my suspicions.
I love golf. I love playing it, watching (live and on TV) it, immersing myself in the latest news on it and checking out the latest gear to buy.
I also love Tiger Woods. As an avid golf fan, how can you not? Albeit I have a mate who detests him…
I first saw Tiger play when I was a kid and he was playing in the Presidents Cup in Melbourne. Tiger at his peak was nothing short of inhuman. A lifelong memory.
So when he pops up on my YouTube feed with a new interview, I’m all ears.
And the other day Tiger popped up on my YouTube feed, again.
I say again because the interview that was now appearing on my feed was pretty old. That’s not unusual for YouTube though. Sometimes it’ll put videos on your feed that are two, three, five, six, nine years old, thanks to its algorithmic wizardry.
But something about this new Tiger video didn’t seem quite right…
The new anatomy of a scam
I’m going to supplement the explanation of this scam with images so you can see for yourself what I’m on about.
Here’s the video thumbnail that popped up on my YouTube feed (as you can see, I like, cars, planes, movie trailers and music… and golf):
Source: editor’s screenshot
It’s that one down in the bottom left. The title reads, “Tiger Woods: Moving to LIV Golf from PGA Tour, my net worth & investment…”
Wow. So there’s a lot to unpack just there. Without going into too much detail, LIV Golf is very controversial in the golf world right now. So there’s the first big drawcard attention-grabber.
Then, Tiger Woods talking about his net worth and investments! Don’t even get me started on that. Considering it’s reported that LIV Golf offered Tiger somewhere around $800 million to join the LIV Golf tour, Tiger talking about money – that’s really going to get eyeballs.
Also, you can see from that image that this is an interview on the PGA Tour YouTube channel with around 59,000 people watching. And… it’s “LIVE”.
Okay, here’s where the scam starts. And here’s what caught my attention:
- Tiger has categorically denied moving golf tours. Nonetheless the potential he might have changed his mind is very enticing. However, there’s no way that’s happening. This is the FIRST red flag.
- Tiger never talks about money and net worth. Ever. This is the SECOND red flag.
Aside from that, it all seems legit. And if it’s the PGA Tour official YouTube channel, then it must be legitimate… right?
Take a look at the next picture.
Source: editor’s screenshot
Ok, so this appears to be the PGA Tour YouTube channel. What’s so wild about this?
At first glance, nothing.
But then look at the number of subscribers.
Why does the PGA Tour only have 1,001 subscribers? Well the answer is simple.
Take a look at this next image:
Source: editor’s screenshot
Now, I want you to do a little bit of “spot the difference” here.
What’s different about these two PGA Tour YouTube pages?
Let me help with some answers:
- This one has 1 million+ subscribers. It also has a little green check mark next to it (note: that’s not always the guarantee of certainty either, but it helps sometimes).
- The headline video is different. Here on the real PGA Tour page, it’s Tony Finau with a trophy from the latest tournament. The fake PGA Tour page is this attractive, enticing Tiger Woods video.
Aside from that, they’re identical. Unless you’re always alert to scams, it would be very easy to think the fake PGA Tour page was in fact the real one.
At this point, I’m well aware there’s a scam in play here with a fake YouTube channel trying to pretend to be the PGA Tour. So I already know everything on it is going to be a scam.
Let’s dive in further because when you go to that Tiger video interview, the scam starts to reveal itself…
Here’s what the video actually looks like:
Source: editor’s screenshot
Again, this all looks pretty stock standard. The interview, I might add, is real. Very real.
It’s a video interview from the TaylorMade Podcast. It’s really a video from almost two years ago. And there’s nothing in there about LIV Golf or his net worth or investments. But I’m a golf nerd, and I know that’s an old video and I know it’s a scam by now too.
But if you didn’t know these things, you might keep watching and hoping for that gem of info about his investments and net worth.
The other thing is that if you’ve come to this video, then you’re now “framed” to be thinking about investments and net worth. And as you look closer, you see the scam clear as day.
There’s a QR code at the top of the video. There’s also a small tweet bubble at the base of it. And then off to the side in the chat box (which is disabled for posters) are some titbits of info from the “PGA TOUR”.
These chat messages say:
“Tiger Woods has been a long-time investor in #crypto”
“Partnering with Tesla, we are launching a #crypto giveaway for all Bitcoin & Ethereum holders”
“12,000 ETH & 720 BTC has been sent to live stream viewers”
All of this chat is lies, fakery and utter crap.
There are also two hyperlinks. Now I don’t know where these hyperlinks go. And if you were to scan the QR code, I don’t know where that goes either, but I would assume to those hyperlink sites.
I don’t know because I dare not click on them or go to them. They will 100% be a scam site, which will either try to phish information from you or send you malware to get access to your information.
There’s also a good chance it will try some way of getting your crypto holdings, as it positions this as a giveaway to Ethereum and bitcoin hodlers. So I suspect it will try to get your private keys or passphrases somehow.
That tweet bubble too at the base of the video, is purportedly from Elon Musk saying, “To all crypto holders: you can change your life today! Follow the QR & 2X instantly.”
It is fake. All of it. Lies and fake.
Everything here is designed to entrap you into some new kind of crypto scam.
This is a very brazen, yet intricate scam that I’m now seeing all over YouTube. It might be old, I don’t know, I’ve not seen it before. But now I have, I need to warn you about it, and I hope you’ll warn others about it.
It would be very easy for people innocently naive to this kind of thing to fall into this very easily.
In fact, to me it feels like an evolution of those BBC and This Morning fake news reports that tell you Holly Willoughby, Bear Grylls or one of the Dragons from Dragons’ Den has been investing in bitcoin and it takes you to a fake trading site where they scam you and rip you off.
This, I expect, is almost the exact same thing but it has evolved into YouTube fakery.
It’s also worth noting, I’ve seen this same video now across multiple fake PGA Tour YouTube pages. And while this might be the most recent iteration of it, I expect it to multiply and adopt another famous person, popular video, etc, to try to scam people.
So keep an eye out as it evolves further.
Paying it forward
It’s all a very timely reminder that you always need to keep your wits about you when operating on social media platforms. This kind of crap is part of why I left Twitter. If you know 100% that I’m not there, then if anyone reaches out to you purporting to be me, you’ll know its fake and they’re scammers.
The key thing here is that you can spot these scams. It’s easy to see when you know what to keep an eye out for. But if you don’t know, then it’s easy to fall for them too.
That’s why today’s update is devoted to this scam. It’s our responsibility to help keep you safe. And I ask you, as one of our subscribers, to pay it forward by telling friends and family to keep them safe too.
I hope this helps you to see this new (to me) kind of scam and avoid it. And hopefully it helps someone else you know avoid it too.
Until next time…
Editor, Exponential Investor