Michael Saylor Bitcoin Scam Siamese_Kalu
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Siamese_Kalu reports that they believed Michael Saylor would double their money based on a YouTube video of an interview with him. They then sent their money to a bitcoin wallet without validating that it belonged to Michael Saylor. The wallet belonged to scammers, and they did not receive back double their original bitcoin.
This is a global/international case not involving a specific country.[1][2][3][4]
About YouTube
"They place banners and do voice overs on various interviews of Micheal Saylor found on YouTube." "I adore Michael Saylor."
"I lost 2 Bitcoin! Don’t fall for it! Last week they sent you to www.ms-give.com"
Yesterday they were at it again directing you to www.ms-net.
If you have been scammed please go to the FBI sites IC3 and make a complaint. They will do nothing until they have enough complaints. I adore Michael Saylor and am so upset that they are using his name and content to steal our coins. God bless Bitcoin"
This is a global/international case not involving a specific country.
The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.
Include:
- Known history of when and how the service was started.
- What problems does the company or service claim to solve?
- What marketing materials were used by the firm or business?
- Audits performed, and excerpts that may have been included.
- Business registration documents shown (fake or legitimate).
- How were people recruited to participate?
- Public warnings and announcements prior to the event.
Don't Include:
- Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
- Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.
The Reality
This sections is included if a case involved deception or information that was unknown at the time. Examples include:
- When the service was actually started (if different than the "official story").
- Who actually ran a service and their own personal history.
- How the service was structured behind the scenes. (For example, there was no "trading bot".)
- Details of what audits reported and how vulnerabilities were missed during auditing.
What Happened
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
| Date | Event | Description |
|---|---|---|
| June 16th, 2021 5:03:15 AM MDT | Reddit Post | The incident was posted on Reddit. |
Technical Details
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?
Total Amount Lost
38,347.06 USD x 2 = 76694.12 or $77k.
The total amount lost has been estimated at $77,000 USD.
Immediate Reactions
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?
Ultimate Outcome
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?
Total Amount Recovered
There do not appear to have been any funds recovered in this case.
What funds were recovered? What funds were reimbursed for those affected users?
Ongoing Developments
What parts of this case are still remaining to be concluded?
Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ Tradegrow comments on Michael Saylor Bitcoin Scam. (Oct 3, 2022)
- ↑ Michael Saylor Bitcoin Scam. : CryptoScams (Jul 18, 2023)
- ↑ Bitcoin Users Send $1.14 Million For Michael Saylor Giveaway - CoinCu News (Jul 18, 2023)
- ↑ Bitcoin USD (BTC-USD) Price History & Historical Data - Yahoo Finance (Jul 18, 2023)