Here's another example.

In the list from the CFTC:

Pocketoption pocketoption.com

The scammer is already running on another domain, waiting for the day the main one gets taken down:

po.trade

What does being on the RED list mean?

Not really much of a damn thing.

For example, on the CFTCs list:

CryptoBO cryptobo.com

It was active over two years ago. Here's a service that has a snapshot of the site from 2021:

Registered on GoDaddy.

Pretty much universal agreement that the site is shady / not a legitmate trading site, e.g.,:

Yet the site is still operational yet today.

Most of these are not real exchanges or investment platforms. Most are simply scammers that register a domain, then spin up a website that attempts to solicit investment or otherwise acquire fiat and/or bitcoin by way of deception.

The press release states that the RED list is now up to 202 entities. There are likely 202 or more new domains (entities) spun up each month. And essentially none of these 34 "entities" added today are stopped for one second -- they'll just spin up more sites.

Oh look, even in early days for SN there was a post about giveaway scams:

BitcoinOrg Hacked: Giveaway Scam Promising Users to Double Their BTC #2422 https://cryptopotato.com/bitcoinorg-hacked-giveaway-scam-promising-users-to-double-their-btc/

And this post (by me) has good info:

Eradicating Giveaway Scams —No Easy And Effective Method Found https://bitcointech.medium.com/eradicating-giveaway-scams-no-easy-and-effective-method-found-3ca4d556edf

And another one:

Saylor: we need an orange check program, powered by bitcoin & lightning, to combat spam, scams, & bots across all social media platforms. #10338

Here's a prior post on SN in which this topic was discussed:

HN: YouTube crypto giveaway scams are out of control #8210 https://news.ycombinator.com/item?id=29952915

There are hundreds of these every day, at least five to ten at any one time that haven't yet been taken down.

And it's not just Michael Saylor that this happens to. It's also Elon Musk, Vitalik Buterin, Charles Hoskinson, Cathie Wood, Tyler and Cameron Winklevoss, CZ, and a dozen or so other influencers:

Youtube doesn't care. They hate bitcoin and may even relish that the "crypto" ecosystem is harmed by many Youtube users seeing these and thinking the entire "crypto" space is "scammy".

Twitter has the same problem -- bots running crypto scams. Elon Musk says that is his biggest problem with Twitter, after it having the lack of an edit button, and now that he has a seat on the board at Twitter they may start to do something about it.

And just today, he hinted that maybe Twitter has an incentive to let the bots run amuck ... as without them their metrics might show that Twitter is dying!

** From one of the videos in that, not from that search results page itself.

There is an approach to combat this.

Probably will have more on this in the near future.

This is what is the problem troubling Michael Saylor, Cathie Wood, Charles Hoskinson, Vitalik Buterin, Tyler and Cameron Winklevoss, CZ, Elon Musk, and a dozen or so other influencers:

https://www.youtube.com/results?search_query=saylor&sp=CAISBBABQAE%253D - Archive

Nearly every one of those is from a scammer's Youtube account using a name that impersonates Saylor's company, and uses his image. Youtube could easily change the algo / machine learning / whatever to exclude this crap. Youtube seems to want it to happen (based on the amount of these that show up in the "Live" (scroll down, along the right side, to see that of which I'm referring).

Twitter has the same mentality (of either not giving a shit, or purposely not doing much of anything to prevent it from occurring). Nearly every Tweet by these influencers results in replies from Twitter accounts impersonating the influencer. (See the @Cameron Tweet above, replied to a scammer impersonating @Tyler).

Here's where the problem sits.

There's this list of 50 giveaway scam websites currently active. Most of the sites in that list were found from these Youtube videos (discovered with the help of crowdsourced labor, thanks to Microlancer). Many of these websites were registered just recently.

It takes about 15 minutes of labor on average to complete the procedures (from a Proof-of-Concept) to archive and submit takedown requests for each of those. That's 15 minutes more per site than the author of this post wishes to allocate, uncompensated, at the present moment.

Tomorrow there'll be a dozen or two new additional sites to add to this list. The day after, another dozen or two.

Anyone have any suggestions as to how to combat this problem?

The link for the Substack newsletter from that HackerNews post is: https://scaminvestigations.substack.com/p/the-youtube-crypto-giveaway-scams