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Rapper HiiiKey confirms YouTube channel hack, fake crypto giveaway steals $70K

Rapper HiiiKey confirms YouTube channel hack, fake crypto giveaway steals $70K
Written by publisher team

Young artist Keyshawn Butler confirmed via his Instagram page that his YouTube page was hacked on January 7, although he appeared to be unaware of what the channel was being used for. HiiKey’s channel has around 249,000 subscribers on YouTube.

The YouTube channel of American rapper HiiKey has reportedly been hacked and used to promote a fake Bitcoin and Ethereum grant that stole more than $70,000 from unaware users. The broadcast has been active for over 7 hours and is still live at press time.

Source: hiiikey, Instagram.

After gaining control of his channel, the hackers then changed the entire layout of the YouTube page and renamed it [Ethereum FUND] Before removing all other videos on the page. The perpetrators failed to change the details of the channel’s “ABOUT” tab, which still contains HiiiKey information and links to social media accounts.

The hackers then used the page to upload a live stream on January 7 that was promoting the awarding of Ethereum and Bitcoin in detail. Due to the large number of subscribers of the channel, it seems that more than 56,000 viewers are watching the live broadcast.

The live stream used an old video of Ethereum founder Vitalik Buterin talking about launching the Beacon Chain and moving to Ethereum 2.0 before December 2020. The video was covered with text promoting a grant of 40,000 ETH and 3,000 BTC through a fake website.

Users were then offered mixed returns through the giveaway, which required sending ETH or BTC to specific addresses. Participants were promised to receive twice the amount of cryptocurrency they sent to addresses.

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

There was no mention of any giveaways on the official Ethereum Twitter account, or the Vitalik Buterin account. Cointelegraph has also reached out to HiiKey for comment and has not received a response at press time.

This is not the first time that a high-profile YouTube account has been hacked and used to promote fake crypto giveaways. In August 2020, hackers took control of the technology reference channel Jon Prosser and renamed the page to NASA News.

The attackers used a video of Tesla CEO and SpaceX founder Elon Musk to promote a BTC scam. Fake SpaceX channels managed to spot scammers with over $150,000 worth of BTC in 2020.

YouTube’s legal team previously indicated that the platform could not be held responsible for cryptocurrency scams on the channels. This was in response to a lawsuit filed by Ripple in April 2020 regarding the number of scam pages impersonating the company and the XRP token.

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