It has been reported that a YouTube channel that is owned by the government of South Korea was hacked and renamed SpaceX Invest. As a result, the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies after the hack.
On September 3, the YouTube channel belonging to the government of South Korea was temporarily hacked and renamed in order to share live broadcasts of videos pertaining to cryptocurrencies. Nevertheless, the account was quickly restored within four hours as a result of proactive intervention, as confirmed by a local report from Yonhap News Agency (YNA).
The previous screenshot, which was provided to YNA by a local source, demonstrates that the compromised channel has been renamed to SpaceX Invest and is now streaming videos depicting Elon Musk, who is the CEO of SpaceX.
It was determined that the root cause of the hack was the user ID and password for the YouTube channel, which had been compromised. It has been reported that Google has also confirmed the breach.
In order to assist KyberSwap in recovering from a recent hack that resulted in the theft of user funds totaling $265,000, Binance carried out an internal investigation to recover those responsible for the theft.
#Binance security team has identified two suspects for yesterday's KyberSwap hack. We have provided the intel to the Kyber team, and are coordinating with LE (law enforcement).
Stay #SAFU. https://t.co/tbQBGaGTNG
— CZ 🔶 Binance (@cz_binance) September 3, 2022
Binance CEO Changpeng ‘CZ’ Zhao revealed that the Binance security team had identified two suspects and had forwarded the intel to KyberSwap as well as law enforcement. “Binance is now acting as a big brother in the crypto space,” the author writes. According to a member of the Crypto Twitter community, “Binance has gone above and beyond securing its platform by instead securing the entire crypto ecosystem.”