• YouTube channel DidYouKnowGaming recently reported that hackers hijacked their account to promote an XRP scam.
• Ripple sued YouTube in 2020 for failing to take sufficient measures against such scams.
• Viewers alerted the team when unfamiliar content flooded their subscription feeds.
DidYouKnowGaming Hijacked To Promote XRP Scam
Recently, popular YouTube channel DidYouKnowGaming announced on Twitter that it lost access to its account after it was hijacked by XRP hackers to promote their scam. The administrators asked for assistance to reclaim ownership of the gaming channel.
Ripple Sues YouTube over Lack of Security Measures
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.
Viewers Alert Team About Unfamiliar Content
According to users’ reports, the bad actors accessed the channel’s Google account and changed its name from DidYouKnowGaming to Ripple. The hackers also used Ripple’s logo to deceive unsuspecting viewers into falling for their antics. Fortunately, the viewers alerted the team when unfamiliar content flooded their subscription feeds.
Bad Actors Launch Crypto Scams through Videos
The latest incident targeted YouTube users interested in amassing XRP tokens with an idea of deceiving them into investing or sending them digital assets in return of huge returns. This sort of incident has been recurring in the crypto space and scammers have impersonated Ripple executives as well as other crypto personalities on several occasions to promote similar schemes leading to a lawsuit between Ripple and YouTube last year.
Fortunately, most times these attempts are easily spotted by members of affected communities who quickly alert one another about suspicious activities and thus limit losses incurred by individual members due increased awareness about scam schemes related to cryptocurrencies