The global YouTube crypto live stream scams started appearing back in 2019. Since involved hackers were able to use high-profile accounts, many consumers were fooled by their malicious campaigns. 

Global YouTube Crypto Livestream Scam Involves 1,000 Malicious Domains | Other Things Google Discovers
(Photo : Photo credit should read LIONEL BONAVENTURE/AFP via Getty Images)
TO GO WITH AFP STORY BY NATHALIE ALONSO A webcam is positioned in front of YouTube's logo on June 28, 2013 in Paris. A new type of crook hunts its victims on the web, pushing them to erotic games in front of their webcam before blackmailing them with the videos. AFP PHOTO / LIONEL BONAVENTURE / AFP PHOTO / LIONEL BONAVENTURE

Related Article: REvil Ransomware Claims Group is Ending Activity | Researchers Skeptical About Latest Shut Down 

They took advantage of the victimized YouTubers' popularity to fool more people interested in cryptocurrencies. This massive hacking campaign usually broadcasts scam videos that would allow them to acquire massive amounts of digital coins.

Aside from this, cybersecurity experts also explained that these online criminals also auction off access to high-profile YT accounts. 

Since the blockchain is growing as more individuals, companies, and agencies tend to invest in the cryptocurrency market, security experts said consumers should expect more malicious campaigns around various digital coins. 

Global YouTube Crypt Livestream Scam's Details

According to The Wired's latest report, Google provided the essential details about how YouTube crypto live stream scams happen. The search engine giant explained that it all starts when cybercriminals send an email containing malicious content to a popular YouTube influencer. 

Global YouTube Crypto Livestream Scam Involves 1,000 Malicious Domains | Other Things Google Discovers

(Photo : Photo by Sean Gallup/Getty Images)
The bitcoin website is shown on the computer of the proprietor of a shop selling vinyl records and that accepts bitcoins for payment on April 11, 2013 in Berlin, Germany. Bitcoins are a digital currency traded on the MTGox exchange, and the value of the virtual money fluctuated from USD 260 per bitcoin down to USD 130 per bitcoin yesterday and recovered somewhat in trading today.

Also Read: $5.2 Billion US Crypto Transactions Tied To Common Ransomware Attacks? BTC as the Most Used Cryptocurrency, FinCEN Says

But, once the YT user clicks the link in the email, their YouTube accounts would be hijacked. Aside from this, Google also said that crypto scammers use 1,000 malicious domains, which were specifically created to hack high-profile YT users. 

The search engine giant also said that they discovered around 15,000 email accounts linked to cryptocurrency hackers. YouTube crypto live stream scam is just one of the massive cyberattacks you need to look out for. 

In other news, experts said that DeFi and crypto expansion makes the United States more at risk of ransomware attacks. On the other hand, the second Acer cyberattack this 2021 was already confirmed.  

Other Crypto Scams To Look Out for

US Norton provided other crypto scams that you should look out for. Here's the complete list: 

  • Blackmail or extortion cryptocurrency scams
  • Social media cryptocurrency scams
  • Giveaway cryptocurrency scams
  • Fake apps
  • Loader or load-up cryptocurrency scams
  • Romance cryptocurrency scams
  • Employment cryptocurrency scams
  • Phishing cryptocurrency scams
  • Imposter or impersonation cryptocurrency scams
  • Investment or business opportunity scams

For more news updates about the YouTube crypto live stream scams and other similar malicious campaigns, always keep your tabs open here at TechTimes.  

This article is owned by TechTimes

Written by: Griffin Davis

ⓒ 2021 TECHTIMES.com All rights reserved. Do not reproduce without permission.