In 2021, the crypto community witnessed a tremendous rise that also led to crypto fraudsters coming out in their numbers to prey on the users of the platform. Of late, several YouTubers that capitalize on crypto content creation reported that their accounts were hacked and noticed that fraudulent videos had been put up on their channels.
Unauthorized videos containing textual content leading viewers to transfer cash to the fraudster’s pockets were seen. ‘Floyd Mayweather’, ‘Altcoin Buzz’, ‘Ivan on Tech’,’Bitboy Crypto’, ‘Field Mining ‘,’The Moon’,’Box Mining’ amongst others are some of the YouTuber’s that had their accounts messed with by the hackers.
A sum up of about nine deals in BNB had taken place exclusively on the address of the Binance Good Chain pockets that was stated on the videos uploaded by the hijackers as at the time this was being written, rounding up to about $850.
YouTuber, Michael Gu from Boxmining stated that his channel had uploaded a video devoid of his permission. He also said he had been lucky enough to have seen the video about two minutes after it was posted and was able to get it deleted but by then, the video had already gained engagements, views and feedbacks from his Youtube community.
He also made mention of having carried out an inside detection and sweeping process and found out that there were no bugs or viruses that could have made access by the hackers possible. He suggested that YouTube is to be held accountable as regards the issue.
A Reddit user, ‘9Oh8m8’, suggested that the hackers may have attained entry to the YouTube accounts by pulling off a SIM swap scam which possibly allowed them to evade the two-factor authentication.
However, Gu refused to accept that the hack resulted from a SIM swap; he stated that there had been no login history on his private account on Google. He said that if it had been a SIM swap, he’d have lost access to his telephone, and such never occurred.
Shash Gupta, Founder and CEO of the Altcoin Buzz YouTube Channel, said they observed that one thing was not right on Sunday evening at about 1 AM (Singapore time) when a video without authorization was uploaded on their channel.
Hello again @YouTubecreators My channel was just banned in the middle of a livestream. I think it might have to do with all of the other youtubers that were hacked at the same time today. Could you check please, thanks! @YouTube @YouTube
— Richard Heart PulseX.com! Called the Bitcoin top! (@RichardHeartWin) January 23, 2022
Richard Coronary, a YouTube crypto content creator, made a tweet that his channel was banned through the middle of a live stream at 9:30 PM UTC, hence suggesting that YouTube might have been aware of this event.