Crypto YouTubers fall victim to hacking and scamming attempt

With every successful crypto hack and scam executed, hackers are getting bolder and making more audacious moves. They continue to improve their effort to defraud unsuspecting investors of their funds and crypto world Fuente:

The latest move executed by these hackers was a cyber attack against crypto influencers on YouTube. The hackers, disguising as the influencers posted unsanctioned videos with tags imploring viewers to send digital coins. 

Crypto YouTube Influencers Hacked

Banking on the available information, the hackers were able to gain access to the YouTube account of Floyd Mayweather, Ivan on Tech, BitBoy Crypto, Altcoin Buzz, and Box Mining. Other YouTube accounts successfully hacked include Crypto Banter, CoinMarmeyCap, and others. 

The video that was distributed across the hacked YouTube accounts implored viewers to send Ethereum, USDT, and Binance coins. Viewers were asked to transfer these coins to the hacker’s wallet in exchange for an “OWYC” token. In fact, a Binance Smart Chain wallet was used by the hacker to receive these coins from unsuspecting viewers. At the time of this writing, a total of nine transfers have been made to the wallet with a cumulative worth below $1,000. 

Victims Allege YouTube Knew About the Hack

To get facts right about the whole situation, Cointelegraph interviewed some of the crypto influencers whose YouTube accounts were hacked. Micheal Gu, the influencer behind Boxmining, told Cointelegraph that a video was posted to his channel without his permission. 

Luckily for Gu, the video was immediately identified and deleted 2 mins after going live. However, some members of his YouTube community have already interacted with the video within a short time. Gu added that he’s done some personal investigation and found no bugs or viruses that may have granted the hackers access to his account. Based on his research he believes that YouTube might have more to play in the hack. 

A Reddit user with the username “90h8m8” in a post suggested that the hackers might have gained access via a SIM swap scam. Through this scam, the hackers would easily circumvent the two-factor authentication (2FA).

The hacker kept posting and talking about a “One World Cryptocurrency ”. They provided a wallet address in the description and also in the video asking viewers to earn the new coin dubbed OWCY. Unfortunately, several viewers have already sent some digital coins to the wallet address provided before the video was brought down. 

While “90h8m8” pitched the possibility of a SIM swap scam Gu wasn’t convinced of the possibility. Gu, talking to Cointelegraph, affirmed that there were no logins on his rival Google account. If the hack happened via a SIM swap scam, he claimed he would also lose access to his phone. And that never happened. 

Gu went on to say that the only thing he and his team noticed was on the BRAND account. BRAND accounts generally don’t have a login as they are linked to the personal account. Gu and his team discovered that there log inogin on the brand account from the Philippines. This indicates the hack was a result of a YouTube security breach or a rogue YouTube employee masterminded the hack. That’s the only explanation that best explains how the hacker got so many accounts at once.

Shash Gupta, the CEO, and founder of the YouTube Channel Altcoin Buzz also gave his opinion about the hack. He affirmed that he and his team noticed something strange on Sunday night at about 1:00 am Singapore time (5:00 pm UTC). That was exactly when the hackers uploaded the video to his YouTube channel. He noted that the whole event was quite unclear and strange. He then implored YouTube to address the situation as soon as possible to avoid any future hack.

Richard Heart, another crypto YouTuber made a tweet at exactly 9:30 pm UTC stating that his channel was suddenly banned. In fact, he claimed the ban happened right in the Livestream. He believes YouTube was in fact informed of the event. 

Following these claims and different theories, Cointelegraph reached out to more crypto YouTubers and YouTube itself. However, no additional information has been sent in at the time of this publication.