Another YouTube fake giveaway scam

[Charles-Tim]

This is another YouTube fake giveaway scam, it happened through a young artist, Keyshawn Butler YouTube account, he confirmed on his Instagram page that his YouTube account has been compromised.

An American rapper’s YouTube channel has reportedly been hacked to promote a fake ETH and BTC giveaway live stream that seems to have over 56,000 viewers.

https://cointelegraph.com/news/rapper-hiiikey-confirms-youtube-channel-hack-fake-crypto-giveaway-steals-70k
American rapper HiiiKey’s YouTube channel has reportedly been hacked and used to promote a fake Bitcoin and Ethereum giveaway that has stolen over $70,000 from unwitting users. The stream has been active for over 7 hours and is still live as of press time.

The hackers then used the page to upload a livestream on January 7 that was promoting an elaborate Ethereum and Bitcoin giveaway. Given the large amount of subscribers to the channel, there are apparently over 56,000 viewers watching the stream live.

The livestream used an old video of Ethereum cofounder Vitalik Buterin talking about the launch of the Beacon Chain and the transition to Ethereum 2.0 before December 2020. The video was overlaid with text promoting a giveaway of 40,000 ETH and 3,000 BTC through a fake website.

Users were then offered varying returns through the giveaway, which required ETH or BTC to be sent to specific addresses. Entrants were promised to receive double the amount of cryptocurrency that they sent to the addresses.

A quick search of the ETH address given on the website reveals that the hackers have received a total of 39.1 ETH worth around $47,260 at press time. The BTC address has received just over 0.6 BTC which is currently around $22,000.

There had been no mention of any giveaways on the official Ethereum Twitter account, or that of Vitalik Buterin. Cointelegraph has also reached out to HiiiKey for comment and has not received a reply at the time of publication.

This do occur often and yet people still fall victim.

[Coyster]

This do occur often and yet people still fall victim.

That's what makes it even the more surprising, it happened last year with the Twitter accounts of popular figures like Bill Gates and others, but after all the attention that particular hack created, people still believe fake giveaways on social media and send BTC to receive more, even if a popular account was hacked to perpetrate the scam, it's no longer an excuse to be a victim as we're all aware this things happen every now and then, plus Bitcoin is not a get rich quick scheme.

I think this sort of scam is going to be all the more prevalent as BTC is moving up to 40k and above, scammers want to accumulate, while greedy people are going to lose the Bitcoin they have to scammers through avarice, by trying to multiply or double it.

[Jating]

I think the problem as well is that Youtuber's should by now knows how to protect their account at any cost because they are not a target from crypto scammers. 2FA and then email protection and good security practices. Not opening emails from unknown sources, not clicking any links, etc. At least this is the part that we can have control of, thus preventing hacks.

Other social media platforms like Twitter has been breached recently, just shows how this criminals are going to lengths just to scam people, fell sorry for those who have lost money from this scum bags.

[Emerald688]

Was it really hacked into the YouTube account or was there covert cooperation to commit crimes? and is it really the artist's youtube account? the account should be fully protected with 2FA to protect his account breach.

[Furious 7]

I think the problem as well is that Youtuber's should by now knows how to protect their account at any cost because they are not a target from crypto scammers. 2FA and then email protection and good security practices. Not opening emails from unknown sources, not clicking any links, etc. At least this is the part that we can have control of, thus preventing hacks.

Other social media platforms like Twitter has been breached recently, just shows how this criminals are going to lengths just to scam people, fell sorry for those who have lost money from this scum bags.

Now many have become victims of any account hacking which is valuable for sure hackers will target it there, I know that many of these incidents are not only on YouTube which are often used for fake giveaways but also in the spread of phishing which continues to be scammers sometimes we are unknowingly clicking on it so this results in all the data going to the hackers and that's where a lot of neglect happens.
Protect as much as you can for your account even if it's a lot or 2fa to keep it safe, but now the YouTube account is the main target to be made a fake giveaway.

[sujonali1819]

Was it really hacked into the YouTube account or was there covert cooperation to commit crimes? and is it really the artist's youtube account? the account should be fully protected with 2FA to protect his account breach.

Not only this but also a lot of scenario we have seen in recent past. Most of the cases those YouTube channels has a lot of subscribers. Even some has about 1-2+ millions subscribers. So I think who had a lot of subscribers like a million they always try to keep safe their account with 2FA. But they also been hacked and hacker use those channels to promote a crypto fake scam shit.

[Emerald688]

Was it really hacked into the YouTube account or was there covert cooperation to commit crimes? and is it really the artist's youtube account? the account should be fully protected with 2FA to protect his account breach.

Not only this but also a lot of scenario we have seen in recent past. Most of the cases those YouTube channels has a lot of subscribers. Even some has about 1-2+ millions subscribers. So I think who had a lot of subscribers like a million they always try to keep safe their account with 2FA. But they also been hacked and hacker use those channels to promote a crypto fake scam shit.

So even though you have used 2FA security on YouTube, is it still possible to be hacked?
indeed by using the channel the number of subscribers to millions of fraudsters can get many potential victims. from there profits begin to flow to hackers.