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-70kAmerican 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.