• DidYouKnowGaming, a popular YouTube channel, recently lost access to its account after XRP hackers hijacked it to promote their scam.
• It’s not the first time such incidents have occurred on YouTube; Ripple sued YouTube in 2020 for not taking measures to combat crypto scams.
• The hackers changed the channel name from DidYouKnowGaming to Ripple and used the logo to deceive viewers into falling for their scheme.
DidYouKnowGaming Hijacked To Promote XRP Scam
Recently, popular YouTube channel DidYouKnowGaming announced on Twitter that it lost access to its account due to XRP hackers hijacking it in order to promote their scam. The administrators asked for assistance to reclaim ownership of the gaming channel.
YouTube Scams: A Recurring Issue
This is not the first time such incidents have occurred on YouTube. Recall that Ripple sued YouTube in 2020 for not taking the right measures to combat such scams.
Hackers Change Name & Logo
The hackers accessed the channel’s Google account and changed its name from DidYouKnowGaming to Ripple, using Ripple’s logo in an effort deceive unsuspecting viewers into falling for their antics. The gaming channel had up to 2.4 million subscribers, and this large audience represented a viable ground for scammers. Fortunately, viewers alerted the team when unfamiliar content flooded their subscription feeds.
Bad Actors Exploit Channels For Scams
The latest incident targeted YouTube users interested in amassing XRP tokens by deceiving them into investing or sending them digital assets in exchange for huge returns. This sort of incident is recurring in the crypto space; bad actors also impersonated Ripple executives last year as part of similar schemes which prompted a lawsuit between Ripple and YouTube.
Bad actors are exploiting channels like DidYouKnowGaming’s with crypto-related scams which can lead unsuspecting users into losing funds or other assets if they fall victim of these schemes. It’s essential that platforms like YouTube take steps towards preventing these occurrences and protecting users from becoming victims of fraudsters’ malicious activities