2020 became the year of social media scammers after the raiders took control of Youtube Accounts for a Brazilian channel with 2.43 million subscribers – fill it with videos promoting the XRP scam.
In a video from UniversoCurioso, channel operator David Damasceno explained that hackers gained access to his YouTube account, and posted live videos containing false information about a fake gift of 100 million XRP.
In order to participate, users were asked to send 2,000 XRP to 150,000 XRP to a wallet address, with promises of a double return – tactics similar to those used in a recent wave of Twitter hacks.
Damasceno launched his channel three years ago and uses the platform to discuss popular science, history, and theories about aliens.
He says he was cheated by soliciting contact from individuals apparently based abroad who promised to provide him with a new video-editing tool called the Zenium app and ad revenue. However, this tool has proven to be a piece of malware that – within 10 minutes of downloading – completely blocks him from accessing his YouTube account.
Then the hackers quickly got down to business – changing the channel’s logo to the XRP symbol and going live.
When Damasceno realized what had happened, in a video he shared on a new makeshift channel, he said the hackers had offered him a Bitcoin (BTC) reward of around $10,000 if he allowed them to continue broadcasting fraudulent videos on the UniversoCurioso channel.
Damasceno says he refused, and decided all he wanted was to get his channel back.
About 26,000 viewers have reportedly watched the videos before, and after six hours, Damasceno regained control of the channel – and immediately deleted the fraudulent videos and posts.
This was neither the first XRP scam nor another cryptocurrency scam on YouTube, as crypto-gift scammers have become increasingly active this year. As a result, Ripple announced a lawsuit against the video-sharing platform several months ago, to which YouTube responded that it could not be held responsible for any third-party content.
Besides, the platform has been trying to improve its efficiency in removing crypto scams, which has taken off many legitimate crypto channels and caused widespread discontent from many popular crypto content creators whose livelihood depends on their YouTube followers. The situation has also prompted the search for more decentralized alternatives to YouTube video sharing.