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Lately, in style 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 best measures to fight such scams.
DidYouKnowGaming Hijacked To Promote XRP Rip-off
The channel shared the newest incident on its Twitter web page, stating that the group misplaced entry to its YouTube account. Nonetheless, the group assured followers it’s working to get the channel again but in addition requested assist from specialists on such issues.
In response to customers’ reviews, the unhealthy actors accessed the channel’s Google account and altered its identify from DidYouKnowGaming to Ripple. The hackers additionally used Ripple’s emblem to deceive unsuspecting viewers into falling for his or her antics.
The gaming channel had as much as 2.4 million subscribers, and this massive viewers represented a viable floor for scammers. Fortuitously, the viewers alerted the group 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 get better the movies after regaining their entry.
Nonetheless, a consumer referred to as out YouTube to revive the channel, whereas one other consumer condemned the crypto hackers for exploiting channels for rip-off schemes.
Dangerous Actors Use YouTube Movies To Launch Crypto Scams
The newest incident focused YouTube customers interested by amassing XRP tokens. The concept was to deceive their goal into investing or sending them digital belongings within the identify of big 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, unhealthy 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 at the least 900 victims.
The report famous that the movies have been hosted on YouTube and promised the victims big funding returns. A few of the channels promoting the rip-off had a superb variety of subscribers and views, and a few have 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
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