The unstoppable growth of social media has become one of the most popular and cheapest ways to reach the masses, easily and bad actors are aware of this. Social media platforms like Instagram, Facebook, and Telegram are regarded as the key elements that helped digital assets reach more and more people.
Most recently, bad actors took control of the YouTube channel of known influencers, content creators, and podcaster Ranvir Allahbadia to advertise fraudulent crypto scams; he lost control over both his YouTube channels.
After the channels were hacked, they were renamed as “Elon.trump.tesla_live2024” and “Tesla.event.trump_2024.” The bad actors deleted the content of both YouTube channels and posted some old videotapes of Elon Musk and Donald Trump.
Social media experts believe the surge of social media hacks and other profiles of Indian celebs came obeying their huge fan following on various social media platforms. It is crucial to note that Instagram’s and YouTube’s major user base is from India.
The ongoing hacks and cyber activities have raised severe concerns over the security of YouTube and other platforms; most recently, the YouTube channel of the Supreme Court of India was also breached to advertise cryptocurrency scam.
The hackers used the live stream feature of YouTube featuring Tesla owner Elon Musk, encouraging the viewers to invest in crypto, falsely claiming they could 2x their money by depositing BTC or ETH on a suspected website “elonweb(dot)net.
However, it is crucial to note that Musk’s clone was prepared using the trending artificial intelligence technology.
Other Recent Hacks
Most recently, Todayq reported that bad actors took control of the X account of OpenAi to promote a fraudulent crypto scam. The hijacking of social media accounts and other public profiles has surged over 40% in the past two quarters.
Technology experts claim that the surge in related activities is backed by the surging adoption of cryptocurrencies among youth globally. The majority worldwide is present over messaging applications and other public profiles, which helps hackers and fraudsters target digital currency enthusiasts easily.
Crypto Market Price & News Updates
When writing, the cryptocurrency market capitalization was $2.27 trillion, surging over 1.50% in the past 24 hours. At the same time, the fear and greed index powered by CoinMarketCap was at 48, reflecting a neutral sentiment in the broader market.
Until publishing, Bitcoin was trading at $64,451 with a surge of 1.71% intraday; however, its trading volume fell more than 5% and market capitalization reached $1.28 trillion after a growth of 1.50%.
The weekly gainer’s list is topped by Sei (SEI) as its price surged over 42%, reaching $0.4737, followed by Bittensor (TAO) at $543, with a growth of 43.07%.
