Less than two weeks after Elon Musk, Jeff Bezos, Bill Gates and other high profile Twitter accounts were hacked as a result of a bitcoin-giveway scam, Indian YouTuber Carry Minati's record was the casualty of a bitcoin scam as well.
The news broke just a day after Apple co-founder Steven Wozniak documented a lawsuit against YouTube for having a algorithm that allows hackers to easily prepare custom software. As per Wozniak, it allows scammers to use images and videos of him to swindle individuals. Scammers are increasingly using the face and accounts of well-eminent personalities on social systems administration platforms to scam people out of bitcoin.
Also Read: Twitter Hacked In Massive Bitcoin Scam: Joe Biden, Elon Musk Accounts Among Dozens Breached
Carry Minati hacked live-stream asks for bitcoin
Ajey Nagar owner of Carry Minati YouTube channel usually uses his second channel, CharryisLive, to post gaming videos. Yet, around 3:00 am last night, two videos were streamed asking for Bitcoin and Ethereum. Here two Bitcoin and Ethereum are the largest digital currency platforms as per market capitalisation.
The hack comes after Carry Minati drove an online foundation drive to help peoples in flood-influenced states raising ₹10.31 lakh for the cause. The videos, called 'Ethereum Earning Call' and 'CHARITY STREAM: HELP ASSAM and BIHAR" have since been diacard from the record. There are at present no estimates on how widespread the scam was and how much cash was lost as a piece of the extortion.
Bitcoin scams are turning out to be more commonWhale Alert estimates that scammers had the option to rope in around $24 million in bitcoin during the first six months of 2020. With regards to YouTube, the group argues that as a streaming stage it's not obligated for any of the content including scams that are set up by outsiders as under the Communications Decency Act.
According to Wozniak, it is not as simple. He believes that YouTube not only intentionally lets bitcoin scams run for months, but it also makes a profit by stopping targeted third-party content by selling targeted advertisements “If YouTube had acted quickly to stop this to a reasonable extent, we would not be here now,” said Wozniak.
The case has been documented by Wozniak and 17 different victims against YouTube with the intension of getting the stage to bring down such content.
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