Just lately, fashionable YouTube channel DidYouKnowGaming introduced on Twitter that it misplaced entry to its account. Notably, XRP hackers hijacked the channel to advertise their rip-off. The directors requested for help to reclaim possession of the gaming channel.
However this isn’t the primary time such incidents have occurred on YouTube. Recall that Ripple sued YouTube in 2020 for not taking the fitting measures to fight such scams.
DidYouKnowGaming Hijacked To Promote XRP Rip-off
The channel shared the newest incident on its Twitter page, stating that the crew misplaced entry to its YouTube account. Nevertheless, the crew assured followers it’s working to get the channel again but in addition requested assist from consultants on such issues.
In keeping with customers’ reviews, the dangerous actors accessed the channel’s Google account and altered its title from DidYouKnowGaming to Ripple. The hackers additionally used Ripple’s brand to deceive unsuspecting viewers into falling for his or her antics.
The gaming channel had as much as 2.4 million subscribers, and this huge viewers represented a viable floor for scammers. Thankfully, the viewers alerted the crew when unfamiliar content material flooded their subscription feeds.
In accordance to some viewers of the channel, the hackers didn’t delete or delist the unique movies on the channel. As such, there’s nonetheless hope for the creators to recuperate the movies after regaining their entry.
Nevertheless, a user referred to as out YouTube to revive the channel, whereas another user condemned the crypto hackers for exploiting channels for rip-off schemes.
Unhealthy Actors Use YouTube Movies To Launch Crypto Scams
The newest incident focused YouTube customers interested by amassing XRP tokens. The thought was to deceive their goal into investing or sending them digital property within the title of giant returns.
This form of incident is recurring within the crypto house. In 2020, scammers additionally impersonated Ripple executives to advertise XRP giveaway scams resulting in a lawsuit between Ripple and YouTube.
However aside from XRP, dangerous actors have efficiently deceived YouTube customers with fraudulent apps posing as USDT funding schemes. A February report by WithSecure disclosed that 30 scammers had stolen over $100,000 from not less than 900 victims.
The report famous that the movies had been hosted on YouTube and promised the victims enormous funding returns. A few of the channels promoting the rip-off had a great variety of subscribers and views, and a few had been YouTube-verified accounts.
Additional, the researchers talked about discovering 700 URLs linked to the scammer’s apps utilizing evaluation methods and information seize. The #usdtmining hashtag on YouTube additionally had greater than 3900 deceptive movies.
Featured picture from Pixabay and chart from TradingView
