What is XAI225K?
XAI225K is a cryptocurrency that falsely claims to be created by Elon Musk. It has been promoted in YouTube comments using bots, misleading many unsuspecting investors into thinking it is a legitimate investment opportunity.
How Does the Scam Work?
The scammers behind XAI225K utilize automated bots to flood YouTube comments with advertisements for the coin. They create a false sense of urgency and legitimacy, tricking people into investing their money. Once victims send their cryptocurrency to the provided wallet, the scammers disappear with the funds.
They have also created several videos made with Artificial Intelligence and sneaky editing to make it look like other big crypto channels are talking about this coin on Youtube. These channels have the "Verified" tick next to their name because they are stolen channels of users that have been renamed as crypto influencers. They are not the official channels of these crypto influencers
Warning Signs of the XAI225K Scam
- Claims of association with well-known figures like Elon Musk.
- Promotion through unsolicited comments on social media platforms.
- Promises of guaranteed returns or quick profits.
- Unverified websites with poor design and lack of transparency.
- Pressure tactics urging immediate investment (Eg. the fake countdown on the main page).
- No real news organisation talking about it, and no official announcements from Elon Musk's real X (Twitter) account.
Protect Yourself from Crypto Scams
To safeguard your investments, consider the following tips:
- Always conduct thorough research before investing in any cryptocurrency.
- Verify the legitimacy of the project and its team.
- Be cautious of unsolicited messages or comments promoting investments.
- Use reputable exchanges and wallets for transactions.
- Educate yourself about common scam tactics and red flags.
Stay Informed
For any official statements from Elon Musk, please look on real news websites or his X (Twitter) account. He has NOT launched any crypto token to this date.
Learn More About Cryptocurrency Scams