The hacked YouTube account was recovered within four hours of active intervention by the South Korean government, a local news outlet confirmed.
A South Korean government YouTube channel was reportedly hacked and renamed SpaceX Invest, prompting the upload of fake videos by Elon Musk discussing cryptocurrencies.
On September 3, the South Korean government’s YouTube channel was temporarily hacked and rebranded to post live broadcasts of crypto-related videos. However, the account was soon recovered within four hours of preventive intervention, a local Yonhap News Agency (YNA) report confirms.
The screenshot above was provided by the YNA locale, which shows the compromised channel being renamed SpaceX Invest and streaming a video of SpaceX CEO Elon Musk.
The compromised YouTube channel ID and password were identified as the main reason for the hack. According to reports, Google has also confirmed the compromise.
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To help KyberSwap recover from a recent hack that lost $265,000 worth of user funds, Binance conducted an internal investigation to find those responsible.
Binance CEO Changpeng “CZ” Zhao announced that Binance’s security team identified two suspects and shared the information with KyberSwap and law enforcement. “Binance is now playing the role of big brother in the crypto space. Binance has gone beyond protecting its platform and has protected the entire crypto ecosystem,” said a Crypto Twitter participant.