Crypto YouTubers Fall Prey to Hacking and Scamming Attempt
Reading Time: 2 minutes

Crypto YouTubers fall prey to hacking and scamming attempts on Sunday afternoon, with hackers posting unauthorized videos with text directing viewers to send money to the hacker’s wallet.

Hackers target various YouTube channels which include BitBoy Crypto, Altcoin Buzz, Box Mining, Floyd Mayweather, Ivan on Tech, and The Moon among others.

The fraudulent videos carried a Binance Smart Chain wallet address, which has only 9 transactions in BNB with a total value of around $850, at the time of writing.

According to Michael Gu, his YouTube channel Boxmining posted a video without permission. He said, “Luckily, we caught it within two mins of the video going live and managed to delete it. By that time, there were already views and comments from my community.”

He further added an internal sweep was done to check for any viruses or bugs that gave the hackers access to his account, perhaps it’s YouTube that’s responsible for the attack. 

According to a Reddit user – 9Oh8m8, it appears as though the hackers were able to gain access to the accounts using a SIM swap scam, which would have enabled them to bypass two-factor authentication (2FA).

He said, “They are all posting with a title like “ONE WORLD CRYPTOCURRENCY.” They have an address in vid and description to send your USDT/USDC/BNB/ETH to receive new crypto called OWCY.”

He further added, “If it was a SIM swap, I would lose access to my phone, etc., and that didn’t happen. What we noticed was on the BRAND account (which doesn’t have a login. YouTube brand accounts are connected to personal) there was a login from the Philippines. Very likely, this is either a hack on YouTube side or a rogue employee. That’s how they got so many people at the same time.”

Sasha Gupta, Founder, and CEO of Altcoin Buzz YouTube channel said, he noticed something was amiss at around 1:00 am Singapore time (5:00 pm UTC)on Sunday night when an unauthorized video was posted to their channel.

He said, “It’s pretty unclear what happened. I’m talking to Youtube to get to understand the matter and avoid such further breaches.”

Richard Heart, another user tweeted at 9:30 pm UTC, that his channel was banned during the middle of a Livestream, indicating that YouTube was probably aware of the event.


YouTube did not comment or share information on this incident at the time of writing. 

Related Articles:
Crypto ATMs offline as Singapore To Limit ‘on impulse’ trading
Abcbot Botnet Linked to Operators of Xanthe Crypto Mining Malware
Gaming will Prove to be a Gateway to Mass Adoption of Crypto