XRP crypto fraudsters have seized a 2.5 million sub-YouTube account and filled the account with videos promoting an XRP scam so let’s find out more in the Ripple news today.
2020 is officially the year of social media crypto attacks since now XRP crypto fraudsters took over a Brazilian YouTube channel filling in with videos promoting an XRP scam. In a view from UniversoCurioso, the operator of the channel David Damasceno explained that the hackers gained access to the YouTube account and started live-streaming videos that contained fake information about a fake 100 XRP million giveaway.
In order to participate, the users were asked to send 2000 XRP to 150,000 XRP to a wallet address with the promised twofold return, a similar tactic that was used in the recent Twitter hack. Damasceno launched his channel three years ago and used the platform to discuss popular science history and theories about aliens. He said that he was duped by a request from the hackers based overseas that promised to give him a new video editing tool and high ads revenues. The tool however proved to be malware and in less than 10 minutes locked him out of his Youtube account.
The hackers got to work fast and changed the channel’s logo to an XRP symbol and even began live broadcasting. When Damasceno realized what happened, he shared a video on a new channel saying that the hackers offered him a BTC reward of $10,000 if he let them continue broadcasting the crypto scam videos on his channel. Damasceno refused.
More than 26,000 viewers were reportedly watching the videos and six hours later, Damasceno regained control over his channel, deleting the scam videos instantly. This is not the first XRP scam on Youtube as crypto giveaways scammers became increasingly active as 2020 started. Ripple announced a lawsuit against the video-sharing platform a few months ago to which YouTube replied that they are not responsible for any third-party content.
The platform was also trying to improve the efficiency to remove the crypto scams which resulted in taking down a lot of legitimate crypto channels, causing widespread discontent from popular crypto content creators whose life depends on creating and sharing videos on their YouTube channels. The situation prompted a search for more decentralized video-sharing alternatives to the platform.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor[email protected]