Crypto scammers stream videos from a YouTube account with 2.5 million followers

Crypto scammers stream videos from a YouTube account with 2.5 million followers
August 24
11:45 2020

Social media crypto scams continue on YouTube, as Cryptonews reports about a hack of UniversoCurioso, a Brazilian channel with almost 2,5 million subscribers. The hackers managed to take over the account and started streaming videos promoting an XRP cryptocurrency scam.

In the videos, the hackers offered a giveaway of 100 million in Ripple coins to the participants, the source says. Thus, to take part in the giveaway, the users had to send between 2,000 and 15,000 XRP to a digital wallet. Hackers promised to return double the money to those who sent crypto.

According to the owner of the channel, Cryptonews says, hackers gained access to the account through a fake app for video editing. After downloading and installing the app, the channel owner lost access to his account.

Similar scams have happened on several other platforms. For instance, in the recent massive hack on Twitter, the scammers also used celebrity accounts to promote crypto scams. On Instagram, hackers also either take over influencer account or create fake profiles to scam money out of users.

YouTube also experienced several cryptocurrency-related hacks before. The company was even sued by Ripple for lack of security measures against such scams, according to Reuters.

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