As the number of YouTube creators reporting hacks on their channels increases, YouTube has assured its users that it will recover hacked channels that were targeted for XRP scams. Recently, YouTuber DidYouKnowGaming, who has 2.4 million subscribers, was a victim of such a hack. After gaining access to his channel, the hacker changed his profile and cover images to Ripple’s logo to promote XRP crypto scams.
Swift Intervention by YouTube
YouTube’s swift intervention ensured that the XRP hackers were unable to interact with DidYouKnowGaming’s subscribers. The YouTuber was able to regain access to his channel, and YouTube was able to prevent any further damage.
While the exploit used by the hackers to gain access to YouTube channels remains a mystery, the victim YouTubers have always been able to recover their accounts and deleted videos, if any. However, the threat to crypto investors from such hacks is prominent, considering the rise of deep fakes, which are fake impersonation videos generated by artificial intelligence (AI) tools.
Hackers often create deep fakes of famous entrepreneurs like Elon Musk to misguide crypto investors. Recently, Chinese tech giant Tencent launched a new deepfakes creation tool, allowing users to impersonate anyone for 1,000 yuan ($145). This has raised concerns for the crypto community, as investors across the world use YouTube to learn about and research the world of cryptocurrencies, blockchain, and Web3.
How to Protect Yourself from Crypto Scams
The rise of deepfakes has made it increasingly difficult for investors to identify genuine investment opportunities. However, there are a few ways to spot a deep fake crypto scam. Cybersecurity experts suggest that investors should verify the source of the information and check the authenticity of the information provided.
Investors should also be cautious of investment opportunities that promise unrealistic returns or use high-pressure tactics to encourage investments. Additionally, investors should be wary of any requests for personal information or money transfers.