The rise of cryptocurrency has brought about a wave of new investors, eager to get in on the action and reap the rewards. Unfortunately, this has also created a new target for hackers and scammers looking to make a quick profit. One recent example of this is the hacking of the popular YouTube channel DidYouKnowGaming.
DidYouKnowGaming is a YouTuber with 2.4 million subscribers who creates content related to video game trivia and history. However, the channel was recently hacked by an anonymous bad actor, who used it to promote XRP cryptocurrency scams. The hacker changed the channel’s profile and cover images to Ripple’s logo, in an attempt to lend legitimacy to the scam.
Fortunately, YouTube was quick to intervene and prevent further damage. They prevented the XRP hackers from interacting with the channel’s subscribers and worked with DidYouKnowGaming to regain access to his channel. However, this incident is just one example of a growing trend of hackers targeting YouTube channels to promote scams.
One of the largest YouTube creators, Linus Tech Tips, also recently reported losing access to his channels. While the exploit used by the hackers to gain access to YouTube accounts remains a mystery, it is clear that the threat to crypto investors from such hacks is prominent.
The rise of deepfakes only adds to this threat. Deepfakes are fake impersonation videos generated by artificial intelligence (AI) tools, and they have become increasingly prevalent in recent years. Hackers often create deepfakes of celebrities and entrepreneurs to misguide crypto investors and trick them into investing in scams.
For example, hackers have created deepfakes of Tesla CEO Elon Musk in the past, causing confusion among investors who thought he was endorsing a particular cryptocurrency. Concerns about deepfakes escalated even further when Chinese tech giant Tencent launched a new deepfakes creation tool, allowing users to impersonate anyone for a fee.
Crypto investors across the world use YouTube to learn about and research the world of cryptocurrencies, blockchain, and Web3. However, as the number of hacks and scams on the platform increases, it is important for investors to remain vigilant and take steps to protect themselves.
While YouTube and other platforms are working to prevent hacks and scams, investors should be wary of any investment opportunities that seem too good to be true. They should also be careful about the information they consume on the platform and take the time to research any claims made in videos or comments.
In conclusion, the hacking of DidYouKnowGaming’s YouTube channel is just one example of a growing trend of hackers targeting YouTube creators to promote scams. The rise of deepfakes only adds to this threat, and investors should remain vigilant when researching and investing in cryptocurrencies.