After a YouTube channel that was controlled by the government of South Korea was apparently hacked and renamed SpaceX Invest, the channel then released bogus films of Elon Musk talking cryptocurrency.

On September 3, the YouTube channel belonging to the government of South Korea was temporarily hacked and renamed so that it could be used to provide live broadcasts of content pertaining to cryptocurrencies. On the other hand, the account was quickly restored within four hours as a result of proactive involvement, as corroborated by a local report from Yonhap News Agency (YNA).

The above image is a snapshot that was submitted to YNA by a local source. It shows that the hijacked channel has been changed to SpaceX Invest and is now broadcasting films featuring Elon Musk, the CEO of SpaceX.

It was determined that the primary source of the breach was the user ID and password for the YouTube channel, which had been hacked. It has been stated that Google has acknowledged the breach as well.

Binance carried out an internal investigation to identify the individuals responsible for the recent breach that KyberSwap suffered, which resulted in the theft of user assets totaling 265,000 dollars. This was done to assist KyberSwap in its recovery from the attack.

Binance CEO Changpeng ‘CZ’ Zhao claimed that the Binance security team had identified two culprits and had provided the information to KyberSwap as well as law authorities. “Binance is now acting as a big brother in the cryptocurrency realm,” the author writes. According to a member of the Crypto Twitter community, “Binance has gone above and beyond safeguarding its platform by instead securing the whole crypto ecosystem.”

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