A YouTube channel belonging to the South Korean authorities was lately compromised by hackers. As soon as the controls to this channel had been accessed, the hackers renamed the channel ‘SpaceX Make investments’. Quickly after, movies of SpaceX CEO Elon Musk discussing cryptocurrencies started enjoying on-loop on the hacked channel. It took 4 hours for related companies to revive the breached YouTube channel. Earlier than that would occur nonetheless, the exploiters tried to advertise some cryptocurrencies through the channel as effectively.
The channel was related to Korea’s Ministry of Tradition, Sports activities and Tourism. As per South Korean information company Yonhap, an official at YouTube Korea had acknowledged and confirmed the incident.
The hack assault that hit this channel at round 3:30 AM on September 3, was carried out after the ID and password linked to this web page was stolen.
The movies of Musk speaking up cryptocurrencies on this web page had been seen by the ministry early morning after which involved officers had been put to the duty of getting the entry to this YouTube channel again.
This isn’t the primary time, hackers tried to lure in buyers within the sector through breached authorities websites.
Final week itself, a YouTube account run by the Korea Tourism Organisation (KTO) was hacked. The channel was adopted by over 500,000 individuals has been unavailable because it was recovered.
The crypto sector, that often maintains its market cap above the trillion-dollar mark, has lately develop into a hotspot for cyber criminals.
Social networking platforms resembling Twitter, LinkedIn, and YouTube have develop into important instruments for crypto hackers to get in contact with potential victims.
YouTube, which is a Google-owned platform, is riddled with phishing and crypto scams, researchers from the search engine large’s Menace Evaluation Group (TAG) had revealed final yr.
Deeper evaluation into the matter has revealed that hacked YouTube channels had been buying and selling inside the vary of $3 (roughly Rs. 225) to $4,000 (roughly Rs. 3 lakh).
In January 2025, hackers took management of a number of YouTube channels that belonged to crypto-supporting influencers in addition to Indian exchanges, resembling CoinDCX, WazirX, and Unocoin. The hackers posted video directions asking individuals to wire them cash in cryptocurrency. A pockets hyperlink was added by the hackers within the description part of the video.
