Youtube Accounts Falling Prey Of Scamming

On Monday morning, cyber hackers took control of the accounts of dozens of crypto YouTubers and Indian cryptocurrency exchanges. Unauthorized films with messages asking viewers to contribute money to the hacker’s wallet were posted by the hackers. BitBoy Crypto, Altcoin Buzz, Box Mining, Floyd Mayweather, Ivan on Tech, and others were among the YouTube channels that were compromised, as were Indian cryptocurrency exchanges CoinDCX, WazirX, and Unocoin, among others.

More About The News

A video was broadcast on the hijacked accounts without the creator’s permission, encouraging users to transfer “USDT/USDC/BNB/ETH” to a bank address specified in the description of the video in return for a new cryptocurrency known as “OWCY.” Michael Gu, the founder of the YouTube channel “Box mining,” revealed that his account had been hacked on Twitter. Gu claims he has two-factor authentication turned on, which leads him to suspect YouTube is to blame for the breach. Unocoin and WazirX, two cryptocurrency exchanges, acknowledged to indianexpress.com that cyber thieves got control of their accounts in the early hours of Monday. “We can see that there are no additional logins or activities on our account.” “It looks like YouTube has been hacked, or that there was some renegade employee on their side who did this on deliberately, or that his system was infected,” stated Uncoin CEO Sathvik Vishwanath.

A systematic breach of multiple crypto YouTube accounts throughout the world, according to Rajagopal Menon, VP Marketing, WazirX, informed indianexpress.com. “Fortunately, our crew discovered the fake film and erased it within 7 minutes of it becoming live on our channel.” We found no security flaws on WazirX’s end that may have given hackers access to our channel throughout our investigation,” he stated.

Richard Heart, another crypto YouTuber, stated that his channel had been blocked in the middle of a broadcast, implying that YouTube was undoubtedly aware of the situation. At this moment, it is uncertain what method the hackers used to obtain access to the YouTube channels. According to independent cyber security analyst Rajshekhar Rajaharia of the IndianExpress.com, YouTubers use third-party technology for live streaming, analytics, and other objectives. “These third-party programmes ask for authorisation using an API, which returns a token. “Now there’s a chance that hackers obtained these tokens and used these API credentials to publish the video.”

Please follow and like us:

Related Articles

Facebook
Twitter
Telegram