Crypto Creators’ YouTube Channels, Indian Exchanges Are Scammed

Dozens of crypto YouTubers and Indian cryptocurrency exchanges had their accounts hacked by cybercriminals on Monday morning. The hackers posted unauthorized videos with text prompting viewers to send money to the hacker’s wallet. Some of the compromised YouTube channels include BitBoy Crypto, Altcoin Buzz, Box Mining, Floyd Mayweather, Ivan on Tech and the Indian cryptocurrency exchanges that have been affected are CoinDCX, WazirX and Unocoin among others.

The hacked accounts had a video posted without the creator’s permission that instructed viewers to send “USDT/USDC/BNB/ETH” to a wallet address that appeared in the video’s description in exchange for new crypto- currency called “OWCY”.

Accounts that appear to have been targeted by the attack include: “BitBoy Crypto”, “Altcoin Buzz”, among others. (Photo: Twitter/Box Mining)

Michael Gu, the creator of the “Box mining” YouTube channel, took him to Twitter and confirmed that his account had been compromised. Gu said he enabled two-factor authentication, which leads him to believe that YouTube is responsible for the piracy.

Unocoin cryptocurrency exchanges, WazirX have confirmed to indianexpress.com that cybercriminals took over their account in the early hours of Monday. “We can see that there is no external login or activity on our account. It obviously appears that YouTube has been hacked or should be a red employee on their side who might have done it intentionally or it is also possible that his computer has been compromised,” said Sathvik Vishwanath, CEO of Uncoin.

Rajagopal Menon, Vice President of Marketing, WazirX told indianexpress.com that there is a systematic hack on several YouTube crypto accounts across the world. “Fortunately, our team captured the fraudulent video within 7 minutes of it being uploaded to our channel and removed it. While performing a diagnosis, we found no security vulnerabilities on WazirX’s side. that could have given hackers access to our channel,” he said.

Fellow crypto YouTuber Richard Heart tweeted that his channel was banned in the middle of a livestream, indicating that YouTube was likely aware of the event.

The exact technique used by hackers to take over YouTube channels is not yet known. Indianexpress.com has contacted YouTube for comment, this story will be updated if and when YouTube responds.

Raymond T. Helms