The crypto ecosystem noticed an immense rise in 2021, and crypto scammers got here out in droves to capitalize on the frenzy. Lately, many crypto content material YouTubers reported that their accounts have been hacked and noticed fraudulent movies uploaded to their channels.
On Jan 23, a Twitter consumer that goes by Mr. Whale tweeted:
“BREAKING: Dozens of Crypto YouTubers have had their accounts hijacked by hackers selling a faux crypto giveaway rip-off. Hacked accounts embrace: @IvanOnTech, @boxmining, @aantonop, @themooncarl, @Bitboy_Crypto, @mmcrypto, @Altcoinbuzzio, @FloydMayweather, @crypto_banter, @CoinMarketCap.”
A couple of of the hijacked accounts caught the movies in a matter of minutes however Altcoin Buzz’s video obtained greater than 2,600 viewers in an hour. Based on BscScan, the rip-off didn’t trigger an excessive amount of hurt and a complete of two.3 BNB have been transferred to the wallet handle on the movies. There have been a complete of 10 transactions price round $850 on the time of press.
HEX proponent Richard Coronary heart tweeted, “Howdy once more @YouTubecreators My channel was simply banned in the course of a stay stream. I feel it may need to do with the entire different YouTubers that have been hacked on the identical time at this time. Might you verify please, thanks!”
How did the crypto scammers get in?
A Reddit thread began by u/9Oh8m8 famous that it is perhaps a sim swapping hack that allowed the hackers to bypass the two-factor authentication (2FA), saying, “They’re all posting with a title like “ONE WORLD CRYPTOCURRENCY.” They’ve an handle within the video and outline to ship your USDT/USDC/BNB/ETH to obtain new crypto referred to as OWCY. It’s all a rip-off.”
They added, “Up to now I’ve seen 4 huge youtube channels that obtained hacked at this time to publish about this. Bitboy, Aantanop, Ivanontech, and Boxmining. Fairly positive there are different smaller ones as effectively.”
There isn’t any correct info confirming the method utilized by hackers. Based on YouTuber Boxmining, “there are greater than 30 accounts affected” and by chance, YouTube is working to repair this problem.
Sadly, with the rise of cryptocurrency adoption, crypto scams have risen as effectively. Based on a current report by CNBC, greater than $14 billion in cryptocurrencies have been stolen in 2021, both by direct theft or by way of social media scams.
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