Legendary heavy metal band Metallica has issued a warning about cryptocurrency scammers who are trying to cash in the hype surrounding its newly announced album.
The band has denied organizing cryptocurrency giveaways that recently started popping up on social media platforms. “Let’s be as clear as possible. These are scams,” its statement says.
Shady Bitcoin (BTC) and Ethereum (ETH) giveaways that promise to double participants’ money were recently being promoted via fake livestreams on YouTube, the largest video-sharing network. In its statement, Metallica thanked those users who helped to report them, stressing that their official social media channels are all verified.
In late November, Metallica, which is widely believed to be the best rock band of the past three decades, announced its new album called “72 Seasons.” Naturally, the band’s first full-length release since 2016 attracted plenty of buzz on social media, and scammers jumped at the opportunity to promote fake giveaway scams.
In addition, the band also announced a global world tour that will last for two years.
Social media keep struggling with crypto scams despite consistent complaints from prominent personalities. As reported by U.Today, fraudsters started impersonating Ethereum co-founder Vitalik Buteri en masse ahead of the Merge upgrade that took place in September. An account of accounting firm PwC was also recently hacked in order to promote a cryptocurrency giveaway sham.