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Metallica Warned Fans About a Series of Crypto Scams

source-logo  cryptonews.net 06 December 2022 08:49, UTC
Denis Goncharenko

METALLICA has warned its fans about a series of cryptocurrency scams that have been taking place on social media since the band announced their new album, '72 Seasons'.

On their social media, the group released the official message:

“In the wake of last week's exciting news of our new song, new album, and new tour, unfortunately the ugly side of social media made an appearance. Many of you have let us know about YouTube channels and live streams, as well as websites, claiming to offer METALLICA Crypto giveaways in conjunction with last week's announcement.”

The warning comes after reports that a 51-year-old New York man was scammed by a fake METALLICA YouTube channel into transferring around $25,500 in bitcoin. The group also reminded that all official social media channels are verified and also appealed to the audience to always check verification and stay vigilant.

Fraudulent accounts are a serious problem for the entire crypto community. Scammers often imitate famous people, promising a promotional distribution of cryptocurrency. According to various estimates, for the purpose of fraudulent activity, fake accounts of Elon Musk, Richard Branson and Vitalik Buterin are most often created.