Warning: Recently many “scam attempts” take place on social platforms like Telegram and YouTube with fake accounts, channels, and content.

The recent dramatic increase in price and awareness has brought in more participants to the VET community. However, it has also attracted the attention of some bad actors. Fake YouTube videos are now posing as a live interview with CEO Sunny Lu, under the guise of a community rewards program that will double the VET sent to a certain address. Needless to say, any funds sent to these addresses will not be recoverable. VET holders be warned: No such giveaways have ever occurred (Nor will they ever). 

The scam has so far collected around $200K worth of VET. They operate by maliciously taking over an existing YouTube channel, deleting all the previous content, and changing the name and icon to mimic the VeChain Foundation’s official channel. They then upload previous livestream interviews from Sunny with captions directing people to sites like vet-info.com, where they provide more details about the fake giveaway.

Warning: Never send cryptocurrency to an address expecting them to send back more

This scam seems to be inspired by the recent Twitter hackings that compromised the accounts of influential personalities such as Bill Gates, Joe Biden, and Elon Musk.

Latest Posts