The modus operandi of cryptocurrency scammers is different in each case like the others, but this time. A popular YouTuber with 2.43 million subscribers explained on August 20 how his channel was used by hackers to launch a fake XRP advertising campaign.
According to a video by David Damasceno, director of Universo Curioso, Cyber criminals took control of his account after receiving a contact request from someone who offered him a video editing tool.
The bogus software was called Zenium Editor, which also manages advertising revenue. When Damasceno downloaded and installed the app, the damage was fixed. The malware was deployed and took control of the channel.
Subsequently, his YouTube channel, which talks about history, science and mystery themes, was flooded with various live streams and videos recorded relating to a fake gift of 100 million XRP. Users were asked to send 2,000 to 150,000 XRP.
But the scammers didn’t get enough of taking over the popular channel Damasceno claimed the hackers had asked him for a ransom of $ 10,000 in Bitcoin (BTC) if he wanted to regain ownership of the Universo Curioso.
Six hours after the attack Damasceno regained control of the canal without paying them the requested reward. He then removed all of the videos related to the scam.
YouTube has been the focus of attention of players in the crypto industry as the likes of Brad Garlinghouse, CEO of Ripple, have actively accused YouTube of being negligent in eliminating fraud.