Coin Bureau Youtube Channel Hacked Despite 2FA Protection

Coin Bureau Youtube Channel Hacked Despite 2FA Protection

Coin Bureau, a popular information portal on the evolution of cryptocurrencies with more than 600,000 followers on Twitter, suffered a security breach on its YouTube channel on Monday. The hackers allegedly uploaded a video with links to fraudulent crypto/fiat addresses soliciting a token sale before being taken down by YouTube. According to Coin Bureau staff, they were baffled by the incident as their accounts were “secured with ultra-strong passwords and Google security keys.”

This is by no means an isolated incident. Prominent crypto YouTubers like Ivan on Tech and Real Vision Finance have seen their accounts compromised in recent days. It appears to have been a coordinated effort, as the hackers uploaded a video titled “One World Cryptocurrency”, which requested the same type of token sale on all compromised accounts. Additionally, all accounts were logged in from an IP address in the Philippines, although VPNs were widespread, making it difficult to track exact login locations.

It’s unclear how much the hackers made, as both the creators and YouTube quickly removed the scam videos. However, there have been unconfirmed reports of Twitter users claiming losses. A user, @James86965119, would have transferred $1,000 in digital currencies to the fake addresses posted by the hacker. In addition, if the accusations of the youtubers are proven, The effectiveness of Google’s two-factor authentication service would be questioned. In theory, hackers couldn’t access a person’s YouTube account unless they had both the password and the security key.

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