THELOGICALINDIAN - As the crypto area keeps growing common hackers are additionally ramping up their efforts to betray and abduct agenda currencies On Monday January 24 Youtube accounts of some of Indias above crypto exchanges and influencers got compromised
The drudge was articular back hackers uploaded videos on the Youtube approach to advance a affected bread called “One World Cryptocurrency.” The hacker additionally added a wallet abode in the description so that admirers can accelerate cryptocurrencies as instructed in the uploaded videos.
The victim crypto companies accommodate Binance-owned WazirX, CoinSwitch Kuber, CoinDCX, and Unocoin.
A few amid the afflicted exchanges conducted inquiries and found that hackers didn’t accomplish any apprehensive action on the accounts like ‘password reset,’ afterwards accessing accounts. While WaxirX says it has contacted YouTube and awaits its response.
Vice President for Marketing at WazirX, Rajagopal Menon, affirmed,
A adumbrative of CoinDCX additionally tweeted on Monday and noted:
The acumen abaft the contempo India crypto YouTube annual hijacking
We accomplished out to the go-to cybersecurity and aloofness industry investigator, PrivacySavvy, to animadversion on the incident.
As per the statement of PrivacySavvy architect and a Cyber Security expert, Ali Qamar, compromised Youtube channels’ affiliation with third-party APIs (Application Programming Interfaces) for enabling alive alive was the account of the incident. An API is a software appliance blazon that allows assorted softwares to acquaint and collaborate.
Social accounts hacking is not new in India. Even Indian Prime Minister Narendra Modi‘s Twitter annual was afraid aftermost December.
Related Reading | YouTube Crypto Scams On The Rise As Victims Lose Millions
After Modi’s Twitter annual hacking, the hacker tweeted that India has “officially adopted bitcoin as acknowledged tender” and additionally “the government has clearly bought 500 BTC and is distributing them to all association of the country.”
Also, in September 2024, an alien accumulation afraid Modi’s Twitter annual affiliated to his claimed appliance and website.
Per the address of Chainalysis, issued in December 2021, crypto scammers managed to abduct about $14 billion aftermost year. At the end of the day, it’s users’ albatross to accept best practices in abode to protect their coins. The easiest way to abstain actuality scammed is to watch out for the red flags that are generally agnate to archetypal acclaim agenda frauds and money-wiring scams.
