Several Filipino Musicians’ Accounts Hacked to Promote XRP Scam

Several Filipino Musicians’ Accounts Hacked to Promote XRP Scam

YouTube Accounts of Filipino Musicians Hacked in XRP Scam

Several prominent Filipino musicians, including Ben&Ben, SB19, and Rico Blanco, fell victim to hackers who hijacked their YouTube channels on July 15. The hackers used the compromised accounts to promote an XRP scam featuring a deep fake video of Ripple CEO Brad Garlinghouse.

Ben&Ben’s Response and Recovery Efforts

Ben&Ben, a popular nine-piece band with over three million YouTube followers, discovered their hacked account livestreaming fraudulent XRP advertisements. They promptly notified their fans via Facebook and began efforts to regain control of their channel. Despite partial recovery, remnants of the scam content persisted on their page.

SB19 and Rico Blanco’s Accounts Compromised

Similarly, SB19, known for their 3.6 million YouTube subscribers, and musician Rico Blanco, with over 700,000 followers, also reported their accounts being hacked. SB19’s management swiftly intervened to recover their channel, while Rico Blanco’s account remains blocked due to policy violations on YouTube.

Rise of Deep Fake Videos in XRP Scams

The use of deep fake technology has amplified the severity of these scams. Fake videos featuring Brad Garlinghouse falsely predict dramatic increases in XRP value, directing viewers to phishing sites. This tactic exploits trust in celebrity endorsements and cryptocurrency investments, posing significant financial risks to unsuspecting followers.

In response to persistent scams, Ripple initiated legal action against YouTube, arguing for stricter content moderation to prevent such fraudulent activities. Despite YouTube’s efforts to enhance scam detection and removal, legitimate cryptocurrency channels have also suffered unintended takedowns, sparking controversy within the crypto community.

Conclusion

The hacking of Filipino musicians’ YouTube accounts underscores the growing sophistication of online scams, exacerbated by deep fake technologies. It serves as a stark reminder of the need for robust cybersecurity measures and vigilant content moderation in online platforms.

The post Several Filipino Musicians’ Accounts Hacked to Promote XRP Scam appeared first on Cryptonews.

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