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Hacking Groups Stealing YouTube Channels To Broadcast Crypto Scams: Google Report

Hacking Groups Stealing YouTube Channels To Broadcast Crypto Scams: Google Report
Written by publisher team

According to a new report from the tech industry giant Google, groups of hackers are hijacking YouTube channels to promote cryptocurrency scams.

In a new blog post, Google’s Threat Analysis Group stated that bad actors are using Russian-language online forums to lure victims and reach their YouTube channels.

“The actors behind this campaign, which we attribute to a group of hackers recruited in a Russian-speaking forum, are attracting their target with fake collaboration opportunities (usually a demo of antivirus software, VPN, music players, photo editing or online games) hijack their channel, then sell it to the highest bidder or use it to broadcast crypto-related scams.”

According to the report, scammers obtain YouTube accounts and then modify them to appear legitimate by emulating well-known companies in the crypto industry. The scammers then stream videos promoting cryptocurrency gifts live.

“A large number of hijacked channels have been renamed live for crypto scams. The channel name, profile picture, and content have been replaced with a crypto brand to impersonate big tech companies or crypto exchanges.”

The attacker streamed live videos promising cryptocurrency donations in exchange for an initial contribution.”

According to Google, YouTube has detected and recovered 99% of the stolen channels so far.

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Featured Image: Shutterstock/Sergey Nivens

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