Recently, cryptocurrency scammers took over the YouTube account of famous Australian television business Seven Network. This shows that even large media companies can fall prey to hackers and demonstrates how blockchain and cryptocurrency technologies are increasingly being used for fraudulent purposes. 😲💻

According to reports, the 7News YouTube account has been hijacked and used to spread crypto scams. Hackers changed the name of the channel to make it appear that it was Elon Musk's renewable energy and electric vehicle startup, Tesla. They then broadcast numerous bogus livestreams of Musk's deepfakes, purporting to offer viewers free coins. 📺🎭

The event highlights how sophisticated cryptocurrency schemes are becoming and how deep fake technology can be used as a weapon in financial theft. It is becoming more and more difficult for the average viewer to distinguish true information from fraudulent information as AI technology develops.

7News immediately acknowledged the incident. A company spokesperson confirmed the issue and said they are working with YouTube to find a quick solution. The incident highlights the need for strong security protocols for media companies as well as financial platforms, as hacked accounts can be used for massive fraud.

Since 2024, there have been many significant cryptocurrency-related scams and breaches, highlighting the ongoing dangers associated with the world of digital assets. These incidents show how varied and dynamic cryptocurrency-related scams and hacks can be. They cover everything from price manipulation and smart contract vulnerabilities to insider threats and social engineering attacks.