PlayStation 5 and the scam involving Bitcoin
PlayStation 5 and the scam involving Bitcoin

PlayStation 5 and the scam involving Bitcoin

By Alfredo de Candia - 12 Jun 2020

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In the last few hours, there was the long-awaited event for the presentation of the new flagship of Sony, the PlayStation 5 (PS5), a new-generation console that will be launched at the end of the year. However, it immediately became the protagonist of a Bitcoin-related scam.

The event was broadcast live presenting both games and the console itself, in two versions: one with optical support and one without, therefore completely digital.

The price of the consoles is still unknown.

What does the PlayStation 5 have to do with Bitcoin?

Unfortunately, during the event, criminals seized the opportunity and organized illegal activities in order to deceive users to send Bitcoin (BTC) during a fake event streamed on a YouTube channel.

The criminals did not improvise the attack, seeing that the YouTube account that was created takes the name of PlayStation Live, with a clear reference to the original one, taking advantage of the live event that gathered more than 90 thousand viewers.

The criminals have thus generated an address with the word “Sony” in the name to make the scam more credible in the eyes of viewers, with a picture of Jim Ryan with the words “5000 BTC giveaway”.

playstation 5 bitcoin scam

The scam involving PlayStation 5

The modus operandi of criminals is similar every time:

  • An interesting giveaway involving Bitcoin (BTC), in this case 5000;
  • An address to send funds to;
  • A minimum amount range to enter the contest, starting at 0.1 BTC.

The address currently has about 0.2 BTC so unfortunately, it was able to collect something during the event, but it might have been the same criminals who made the transactions to show that other users had sent BTC, thus inducing more people.

Clearly, it’s a real scam where both the chat and the comment section have been disabled. This prevented other users from warning viewers of the danger they were in.

As mentioned, the streaming continues to broadcast the recording of the event, so that even those who could not see the event live may be fooled.

Unfortunately, this is just another case of scams that use this method, only recently something similar happened during the event of the launch of the SpaceX Crew Dragon.

The advice is to always be vigilant, and not to make any transactions or provide private keys or seeds to those who request them, especially because even on the various social networks, primarily Telegram, there are fake profiles that request this type of information.

Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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