It has been reported that the hack happened on Minati’s second YouTube channel “CarryisLive” where he streams himself playing video games with YouTubers and celebrities.
However, two Bitcoin giveaway scam promotional videos were reportedly posted on the channel, as both videos displayed bitcoin addresses.
A popular Indian Youtuber is the latest victim of a Bitcoin giveaway scam https://t.co/S7zRqVyeEU — Cointelegraph (@Cointelegraph) July 26, 2020
One of the videos also featured an image of SpaceX and Tesla CEO Elon Musk supposedly giving away Bitcoin. The scammers were promising to double the Bitcoin sent to them.
As per the report, Minati announced that his YouTube channel is back to normal.
My channel is now back with me! I don't know who did it & why but thanks to youtube for their immediate support. — Ajey Nagar (@CarryMinati) July 25, 2020
Bitcoin giveaway scams made their way on YouTube, fake Bitcoin giveaways from channels claiming to belong to Elon Musk scammed users out of $150,000.
Also, recently, scammers attempted to use the “double your money” cons to target VeChain VET tokens holders.
Thus, YouTube’s legal team has argued that the platform is immune from liability for cryptocurrency scams perpetrated as part of its video content or descriptions.