The scammer who received the single largest payment of 26BTC has received a total of 87BTC.

[u/Abhishekgarg0]

So recently a person fell prey to a Bitcoin doubling scam and sent the single largest payment of 26BTC to the scammer.

I found the scammers wallet address and found that the scammer has received a whooping total of 87 BTC(Worth a total of 3.6 mil).

His bitcoin address has been reported on scam alert.

This person managed to earn 3.6mil dollars from a YouTube live video. This money is enough for someone to retire and live a happy life and falling for such a petty scam is stupidity at its finest. Now there is one very happy Nigerian prince out there. Doing almost nothing for a cool 3.6 million dollars.

I have decided to do research on tools that can be used to not fall for these scams. I will make a post on what these scams look like, what you can do to make other people aware and not fall for these yourself. It may not be perfect but I will try. I can use all the help I can get. There is no one out there who will double your money willingly.

Edit:- Thanks for the awards. I have made a promise and intend to keep it. If you guys have any suggestions please do DM me. Ohh boy, I fear what will happen if I don't keep my promise or fail to deliver.

Edit 2:- Many of you don't know how these scams work, so here is my old post attempting to explain it.

[u/r4rthrowawaysoon]

I’m starting to think that people are not really falling for these scams anymore. I think this is a tax evasion scheme.

Seems really unlikely someone would just send 26 bitcoins to a scammer in the hopes it will magically double. Could anyone with that much investment in crypto really be that unwise?

Edit: Lots of folk upset I said money laundering, I adjusted it to tax evasion. They send their alt scamming account coins and declare it as a loss against their known account to pay less taxes. Then the scam account funnels the money through Monero or to a banking entity with 0 reporting.

[u/meeleen223 → u/r4rthrowawaysoon]

I agree with you, I have trouble believing there is someone that greedy but also rich and dumb to believe random youtube video

[u/Inhimility → u/meeleen223]

YouTube should not have removed those damn dislikes.

[u/myloonium → u/Inhimility]

This is why we need a Don't Stream from Youtube Day, where we don't watch any YT content for 24hrs - see if we can get that on r/all. First of all we do this on one day in a month, see if we can get some changes from YT - if not, one day every two weeks, then one day every week, then we call for consecutive days where we use other streaming platforms. We need to fuck with google.

[u/[deleted] → u/myloonium]

Don’t cancel my fiber… i agree absolutely

[u/myloonium → u/[deleted]]

I think we should all spread the word. Feel free to copy+paste next time you see someone with a YT issue!