Hackers hijack several Of Microsoft’s YouTube accounts to spread encrypted Ponzi scam

Media ZDNet learned from a reader that hackers had hijacked some of Microsoft’s YouTube accounts and broadcast a cryptocurrency Ponzi scheme to the company’s subscribers. According to the source, the hacking appeared to take place on Monday local time. Despite reporting these information to YouTube staff, the hijacked account was still live until the foreign press.

Hackers hijack several Of Microsoft's YouTube accounts to spread encrypted Ponzi scam

The hacker is currently broadcasting old speeches by former Microsoft CEO Bill Gates to give listeners advice on start-ups at Village Global in June 2019. Hackers are broadcasting a changed version of the presentation, while also asking viewers to attend the classic “cryptocurrency giveaway” event – the scammer may send a small amount of cryptocurrencies to double their revenue, but never get any thing in return.

Currently, the cryptocurrency Ponzi scam is streaming live on YouTube accounts such as Microsoft US, Microsoft Europe and Microsoft News. Currently, more than 19 live videos are currently on YouTube. The videos are not only being played on Microsoft’s YouTube channel, but they are also being hijacked from other users and renamed as legitimate Microsoft accounts to expand the results.

Hackers hijack several Of Microsoft's YouTube accounts to spread encrypted Ponzi scam

The Bitcoin address listed in the video stream did not receive any transactions or hold any funds, indicating that no user fell into the scam. According to YouTube statistics, thousands of people have watched the video.

Microsoft is not the only organization affected by large-scale hacking. The prominent German hacking community, Chaos Computer Club, was also hijacked to spread similar messages.

Hackers hijack several Of Microsoft's YouTube accounts to spread encrypted Ponzi scam