Popular YouTuber DidYouKnowGaming was able to restore control of his channel after it had been taken over by an unidentified bad actor to spread XRP cryptocurrency scams.
Although targeting unwary investors by hacking into YouTube channels to promote scams has long been a practice, more creators on the platform are now reporting hacks. The most recent hack alert came from the YouTuber DidYouKnowGaming, who has 2.4 million subscribers.
Related: XRP: Your Ticket to Financial Freedom or a Dead-End Investment?
YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers. Recently, one of the largest YouTube creators, Linus Tech Tips, also reported losing access to his channels.
The technique that the hackers used to access YouTube accounts is still unknown, but the victims have always been able to recover their accounts and, if any, deleted content.
Given the rise of “deepfakes,” or fake impersonation videos produced by artificial intelligence (AI) tools, the threat posed by such hacks to cryptocurrency investors is significant.
To deceive cryptocurrency investors, hackers frequently generate deepfakes of Elon Musk, the CEO of Tesla, and other business leaders.