Hackers Exploit Old YouTube Accounts to Promote Crypto Drain Scams: Report
Main Idea
Hackers are exploiting older YouTube accounts to promote crypto drain scams, using AI-generated videos and fake testimonials to steal significant amounts of cryptocurrency from victims.
Key Points
1. Hackers hijack older YouTube accounts with crypto-related histories to promote scams, using AI-generated videos and removing negative comments.
2. Scam smart contracts link to attacker wallets, enabling theft once victims deposit ETH, with one wallet netting 244.9 ETH.
3. A victim lost $3.05 million in Tether (USDT) after signing a malicious transaction, as flagged by Lookonchain.
4. In the first half of 2025, over $2.2 billion was lost to hacks, scams, and breaches, with wallet compromises accounting for $1.7 billion and phishing scams for $410 million.
Description
Hackers are hijacking older YouTube accounts to promote a crypto scam disguised as a trading bot, according to a new report from cybersecurity firm SentinelLABS . Key Takeaways: Hackers are using old YouTube accounts to promote crypto-draining bots disguised as trading tools. The smart contracts link to scammer wallets, enabling fund theft once victims deposit ETH. AI-generated videos and managed comment sections create a false sense of legitimacy. The operation active since at least 2024 involv...
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