YouTube Rescues Channel that Was Used to Fuel XRP Crypto Fraud

YouTube’s quick action has helped prevent further damage by preventing XRP hackers from interacting with the subscribers of a YouTube channel.

On Friday, the popular YouTube channel, DidYouKnowGaming announced on Twitter that its Google account has been hacked, thus losing access to YouTube. Notably, the hacker replaced the YouTuber’s profile and cover images with the Ripple logo after taking control of the account.

How Was the Channel Breached?

While DidYouKnowGaming has stated that it had no idea how the breach was initiated, some users have shared possible reasons. 

Remarkably, a Twitter user @Petete highlighted that there is a possibility that a team member ran a program that captures its cookie settings, which caused password reset difficulty. Additionally, he said the hack could have also come from an exe disguised as a pdf inside a seemingly innocuous email.

Other Crypto-Related Scams on YouTube Accounts

Last year, a group of hackers gained control of the South Korean government’s official YouTube account. They used it to promote a crypto fraud plan that featured the likeness of Tesla CEO Elon Musk.

According to the details, the hackers changed the name of the official channel to “SpaceX Invest” to look to be affiliated with Musk’s American aerospace manufacturing and space transportation services company.

At the time, the government quickly spotted the hack and suspended the account for four hours while they investigated the problem.

The Rise of Crypto Scams on YouTube

Unfortunately, the rise of cryptocurrency scams on YouTube is becoming a rising issue. These scams are frequently disguised as bogus “giveaways” or investment opportunities that promise high returns with no risk. They are, in fact, deceptive schemes designed to steal money or personal information from unsuspecting victims.

In an earlier report from last year, crypto users were advised to beware of a new type of cryptocurrency malware spreading through YouTube.

How Can Users Protect Themselves

Remarkably, users have been advised to be wary and skeptical of any offers that appear too good to be true, conduct research, and always verify the legitimacy of the company or individual making any offer.