Fraudulent accounts acting on behalf of the Gemini crypto exchange were discovered on Youtube

Black Square Design
2 min readDec 8, 2020

Owned by the Winklevoss brothers, the Gemini cryptocurrency exchange warned users about two fake company accounts on the YouTube video hosting service.

Representatives of the exchange indicated that the unknown person used the Gemini brand and logo.

“These fraudulent accounts do not belong to our company. We reported them to YouTube, “ the message reads.

This is not the only case over the past six months. In October, investor Andy Lian asked the video hosting company to remove fake videos allegedly related to the Gemini exchange and the Winklevoss brothers. At that time, one of the entries had more than 105,000 views and 2,800 likes.

In July, Gemini reported the existence of fake exchange accounts on several social networks.

It’s not just the Winklevoss platform that is experiencing problems with fake YouTube accounts. In the spring, unknown people hacked dozens of accounts on the service, renamed them to allegedly various Microsoft brands, and promoted a financial pyramid on behalf of the company’s head, bill gates.

In March, the fake account of the head of Ripple, brad Garlinghouse, offered users to send from 2 to 500,000 XRP and allegedly receive from 20,000 to 5 million tokens in return.

In April, Ripple accused the video hosting service of damaging its reputation and brand. In the same month, the YouTube administration temporarily blocked the CTO account of FINTECH company David Schwartz, considering it fraudulent.

Videos about the distribution of bitcoins on behalf of celebrities became the reason for a class action against the video hosting company. In July, he was joined by Apple co-founder Steve Wozniak, whose identity was also used in the video.



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