YouTube Accounts Hacked for Fake Microsoft Cryptocurrency Scam

Not that long ago on Twitter a lot of famous accounts were hacked and were renamed so that people would think that they are something else entirely and these accounts were subsequently used to advertise all kinds of ponzi schemes that were meant to swindle people out of their hard earned money. The way these scams work is that users are encouraged to send a small quantity of bitcoin to someone after being promised that they will receive twice the amount back in return, except that they never receive the amount back in the first place and it ends up being stolen.

Twitter cracked down pretty hard on accounts that were doing this and this more or less ended the problem, but as a result of the fact that Twitter no longer allowed this scam to exist this meant that the hackers were going to move elsewhere entirely. YouTube is now the location that these hackers have chosen and a big part of the reason why that is the case has to do with the fact that YouTube gives them access to a large audience.

According to Zdnet some big accounts are now being hacked into and renamed to make them seem like various Microsoft accounts and these accounts are streaming using Bill Gates’ image to make it seem like the founder of Microsoft is offering some kind of a cryptocurrency scheme that would result in profits for people. Suffice it to say that this scheme does not actually exist and it is just a trick that bad actors are trying to pull, but the fact remains that this is something that can cause a lot of harm to a lot of internet users. Microsoft has stated that no official Microsoft accounts have been targeted so at the very least this scam is not happening on any official accounts all in all.

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