The video, being live cast by a YouTube channel called "Ark Invest - (Corporation)," features the caption "Elon Musk & Cathie Wood ETH will drop soon. An important message for crypto investors."
Screenshot of the scam on YouTube
The YouTube channel promises to double the amount of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) sent to their wallet addresses.
The original video being used in this scam is from Ark's B Word conference, which took place in July 2021. This isn't the first time that a video of this conference is being used in a cryptocurrency-giveaway scam on YouTube.
Musk has previously criticized the platform for its inability to eliminate what he says are "nonstop scam ads.”
Read Next: Watch Out: These Deepfake Videos Of Elon Musk, Cathie Wood Can Lead To Stolen Crypto
Photo via Maryna Linchevska on Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
