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Crypto YouTubers fall victim to hacking and scamming attempt

Many of the affected accounts noticed the fraudulent videos and removed them from their channels within minutes of them being posted.

Hackers attacked a number of popular crypto YouTuber accounts at some point during the afternoon of Jan. 23. The accounts posted unauthorized videos with text directing viewers to send money to the hacker’s wallet.

Accounts who appear to have been targeted by the attack include: ‘BitBoy Crypto’, ‘Altcoin Buzz’, ‘Box Mining’, ‘Floyd Mayweather’, ‘Ivan on Tech’, and ‘The Moon’ among others.

The Binance Smart Chain wallet address that was listed on the fraudulent videos only had a total of 9 transactions in BNB at the time of writing, with a total value of around $850.

Michael Gu told Cointelegraph that his YouTube channel Boxmining posted a video without his permission. “Luckily we caught it within two mins of the video going live and managed to delete it,” he said. “By that time there were already views and comments from my community.”

He added that he had done an internal sweep and found no viruses or bugs that may have given the hackers access to his account. “Seems like YouTube might be responsible,” he said.

One Reddit post by user “9Oh8m8” suggested that it appears as though the hackers were able to gain access to the accounts using a SIM swap scam, which would have enabled them to bypass two-factor authentication (2FA). They added:

“They are all posting with a title like “ONE WORLD CRYPTOCURRENCY”. They have an address in vid and description to send your USDT/USDC/BNB/ETH to receive a new crypto called OWCY.”

However, Gu wasn’t convinced that the hack was a result of a SIM swap, telling Cointelegraph that there were no logins on his personal Google account. “If it was a SIM swap I would lose access to my phone etc and that didn’t happen,” he said.

“What we noticed was on the BRAND account (which doesn’t have a login. YouTube brand accounts are connected to personal) there was a login from the Philippines. Very likely this is either a hack on YouTube side or a rogue employee. That’s how they got so many people at the same time.”

Founder and CEO of the Altcoin Buzz YouTube channel Shash Gupta added that they noticed something was amiss at around 1 AM Singapore time on Sunday night when an unauthorized video was posted to their channel.

“It’s pretty unclear what happened. I’m talking to Youtube to get to understand the matter and avoid such further breaches.”

Related: YouTube channels hacked and rebranded for livestreaming crypto scams

Another crypto YouTuber Richard Heart tweeted at 9:30PM UTC that his channel had been banned during the middle of a livestream, indicating that YouTube was probably aware of the event.

Cointelegraph reached out to YouTube and a number of other crypto content creators who were affected by the hack but had not received any additional information at the time of writing.

The post Crypto YouTubers fall victim to hacking and scamming attempt appeared first on CoinRegWatch.

Crypto.com breach may be worth up to $33M, suggests onchain analyst

Crypto.com’s loss in the latest security breach might have costed more than the reported $15 million.

Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million.

Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million.

On Monday, reports emerged that Crypto.com had halted withdrawals “after a small number of users” experienced suspicious transactions on their accounts. The cryptocurrency exchange has since resumed withdrawals and confirmed that its users’ money was ‘safe,’ but reports emerged later that it had lost 4.6K ETH ($15 million) and was being laundered using Tornado Cash.

ErgoBTC tweeted on Tuesday suggesting that another 444 BTC ($18.5 million) had been stolen from Crypto.com’s payout wallet. ErgoBTC said that OXT Research discovered a suspicious transaction of 52.55 BTC ($2.18 million) from Crypto.com’s custodial wallet.

Following the transaction, “several hundred withdrawals” were made which were then combined into four outputs worth 67.75 BTC ($2.81 million) each, as per ErgoBTC. The four batches amounted to 271 BTC ($11.25 million), all of which were laundered via Bitcoin tumbler- a service that allows customers to combine several transactions and make it more difficult for investigators to trace Bitcoin transfers.

The Bitcoin tumbler allegedly utilized by the alleged perpetrators to wash the 271 BTC is a well-known tool employed by the North Korean cybercrime syndicate, Lazarus, according to ErgoBTC’s tweet.

According to ErgoBTC, the criminals behind the Crypto.com security breach also controlled another address holding 172.9 BTC ($7.25 million). Blockchair data reveals that the address received the funds at about the same time as the other transactions linked to the Crypto.com hack. However, as of the publishing of this article, the purported hacker has not transferred the funds through a bitcoin tumbling service yet.

Related: ImmuneFi report $10B in DeFi hacks and losses across 2021

At the time of publishing Crypto.com is yet to acknowledge any losses. Cointelegraph reached out to Crypto.com for more details regarding its decision to halt withdrawals, but did not receive a response as of publishing time. This article will be updated pending new information.

The post Crypto.com breach may be worth up to $33M, suggests onchain analyst appeared first on CoinRegWatch.

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North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds

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