The Coin Bureau, a popular cryptocurrency information portal with over 600,000 followers on Twitter, witnessed a security breach on its Youtube channel on Monday. The hackers allegedly uploaded a video that links to fraudulent / crypto addresses and requested a token sale before it was removed by Youtube. According to Coin Bureau staff, they were confused by this incident because his accounts were “protected by ultra-strong passwords and Google security keys.”
This was by no means an isolated case. In recent days, the accounts of well-known crypto-youtubers such as Ivan on Tech and Real Vision Finance have been hacked. It seems to have been a coordinated effort, as the hackers uploaded a video titled “One World Cryptocurrency” which called for the sale of the same type of token for all the hacked accounts. In addition, all accounts are registered from an IP address in the Philippines, despite the prevalence of VPNs, which makes it difficult to accurately track logins.
It is unclear how much the hackers got when both the creators and YouTube quickly removed the fraudulent videos. However, there have been unconfirmed reports from Twitter users about victims. A user, @ James86965119, allegedly transferred $ 1,000 worth of cryptocurrencies to fake addresses posted by the hacker. In addition, if YouTube users’ claims are confirmed, the effectiveness of Google’s two-factor authentication service will be questioned. In theory, hackers will not be able to access anyone’s Youtube account if they do not have the password and security key.