Rapper HiiiKey confirms the hack of his YouTube channel and attackers steal $ 70,000 from subscribers

The young artist Keyshawn Butler, confirmed on his Instagram page that his YouTube page was hacked on January 7thalthough he didn’t seem to know what the channel was being used for. HiiiKey’s channel has around 249,000 YouTube subscribers.

American rapper HiiiKey’s YouTube channel has reportedly been hacked and is used to promote a fake Bitcoin and Ethereum giveaway that stole over $ 70,000 from ignorant users. The show has been active for over 7 hours and was still live at the time of going to press.

Source: hiiikey, Instagram.

After you take control of your channel, The hackers completely changed the layout of the YouTube page and renamed it [Ethereum FUND] before removing any other videos from the page. The perpetrators did not change the details of the ABOUT tab of the channel, which still has HiiiKey information and links to social media accounts.

Rapper HiiiKey confirms the hack of his YouTube channel and attackers steal $ 70,000 from subscribers
Rapper HiiiKey confirms the hack of his YouTube channel and attackers steal $ 70,000 from subscribers

Then, They used the page to upload a live feed on Jan. 7 promoting a sophisticated giveaway for Ethereum and Bitcoin. Given the large number of subscribers to the channel, apparently more than 56,000 viewers watch the live broadcast.

The broadcast used an old video by Ethereum co-founder Vitalik Buterin, which talked about the launch of the Beacon Chain and the transition to Ethereum 2.0 before December 2020.. The video has been overlaid with text promoting a giveaway for 40,000 ETH and 3,000 BTC via a fake website.

Then, Various refunds were offered to users through the giveaway, for which ETH or BTC had to be sent to certain addresses. Participants were promised that they would receive twice as much cryptocurrency as they sent to addresses.

A quick search for the ETH address given on the website shows that at press time, hackers have received a total of 39.1 ETH worth around $ 47,260. The management of BTC received a little over 0.6 BTC what Currently around $ 22,000.

No giveaway was mentioned on the official Ethereum Twitter account or at Vitalik Buterin. Cointelegraph also reached out to HiiiKey for comment and received no response at the time of publication.

This isn’t the first time a high profile YouTuber account has been compromised and used to advertise fake crypto gifts.. In August 2020, hackers gained control of the channel through technical reviewer Jon Prosser and renamed the page NASA News.

The attackers used a video by Tesla CEO and SpaceX founder Elon Musk to promote a BTC gift scam. Fake SpaceX channels raised over $ 150,000 in BTC in 2020.

YouTube’s legal team previously stated that the platform is not responsible for any cryptocurrency scams carried out on the channels.. This was in response to a lawsuit filed by Ripple in April 2020 over the number of fraudulent sites masquerading as companies and XRP tokens.

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