Cryptocurrency video by Elon Musk plays on hacked South Korean government YouTube channel

A YouTube channel owned by the South Korean government was allegedly hacked and renamed SpaceX Invest, after which the channel uploaded made-up videos of Elon Musk talking about cryptocurrencies.

On September 3, South Korean government YouTube channel momentarily hacked and renamed for sharing live streams of crypto-related videos. Nevertheless, the account was quickly restored within four hours after proactive interventionaccording to confirmed a local report from the Yonhap News Agency (YNA).

The screenshot above was provided to YNA by a local showing the channel compromised by the name of SpaceX Invest and streaming videos showing SpaceX CEO Elon Musk.

The compromised YouTube channel ID and password were identified as the main cause of the hack. Google has also confirmed the attack.

To help KyberSwap recover from a recent hack that drained $265,000 of user funds, Binance conducted an internal investigation to track down the culprits.

The CEO of Binance, Changpeng ‘CZ’ Zhaorevealed that the Binance security team identified two suspects and forwarded the information to KyberSwap and law enforcement. “Binance is now playing the big brother role in the cryptocurrency space. Binance has gone beyond securing its platform to securing the entire cryptocurrency ecosystem,” noted a Crypto Twitter member.

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Cryptocurrency video by Elon Musk plays on hacked South Korean government YouTube channel