YouTube quickly acted to prevent XRP crypto scammers from communicating with the subscribers of a hacked channel, thus containing the damage.
A well-known YouTuber named DidYouKnowGaming got his hacked YouTube channel back from an unknown person who used the channel to promote XRP cryptocurrency scams, causing the XRP ticker to drop to $0.48.
There has been a rise in the number of YouTube channels getting hacked to promote scams that can trick unsuspecting investors. A lot of creators on the platform are now reporting hacks. Recently, a YouTuber named DidYouKnowGaming, who has around 2.4 million subscribers, had his channel hacked and he warned his Twitter followers about it.
The DidYouKnowGaming Google account was just hacked. We just lost access to YouTube. Working on getting it back. If anyone knows someone who can help, let us know.
— DidYouKnowGaming (@didyouknowgamin) April 28, 2023
The hacker who broke into the YouTuber’s account changed the pictures on the channel’s profile and cover to Ripple’s logo.
Hacked YouTube account of DidYouKnowGaming. Source: Twitter
YouTube acted quickly to prevent the XRP hackers from harming the channel’s subscribers. Another big YouTuber, Linus Tech Tips, also recently reported losing access to his channels.
It is not clear how the hackers were able to access YouTube accounts, but the affected YouTubers have been able to recover their accounts and any deleted videos.
*hacker voice* I'm in pic.twitter.com/GRY6udVsZv
— DidYouKnowGaming (@didyouknowgamin) April 29, 2023
Fake videos created by AI tools, known as deepfakes, pose a risk to cryptocurrency investors, making them vulnerable to scams and fraudulent activities.
Hackers sometimes make fake videos of Elon Musk and other business people using AI to deceive cryptocurrency investors.
Elon Musk's deep fake video promoting a new cryptocurrency scam going viral. The video claims that the trading platform is owned by Elon Musk, and offers 30% returns on crypto deposits. @elonmusk pic.twitter.com/iJeUvHYc5p
— DogeDesigner (@cb_doge) May 24, 2022
People are worried after a Chinese company, Tencent, made a new tool that can create deepfake videos. This tool lets people impersonate someone else and it costs 1,000 yuan, which is about $145.
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