Cryptocurrency

Fraud on YouTube is worse than hacking of Twitter

Only been a few days since one of the cyber attacks most important of recent times. When a group of hackers, yet to be identified, managed to break the security of Twitter and get access to hundreds of accounts, including that of the major figures of the crypto world. However, and despite having been one of those affected by this attack, to Changpeng Zhao scams on YouTube are worse than the attack on Twitter, as he says in the Tweet of the day:

The scams on YouTube and the attack on Twitter

For many, the attack on Twitter a few days ago, it was one of the worst that have been directed against the crypto community. Therefore, even if the same is not specifically targeted against the cryptocurrencies, and featured characters such as Joe Biden and Jeff Bezos have no connection with Bitcoin. What is certain is that the amount of crypto influencers and businesses that are committed during the attack reached the dozens.

Scams on YouTube are worse than attack on Twitter according to Changpeng Zhao

However, to Changpeng Zhao what happened on Twitter would only have been a small attack more, in comparison with the terrible effects of the fraud of YouTube on the crypto community, and about your business Binance.

And is that, over the years this topic has been ignored by the company of streaming videos owned by Google. Which not has taken letters in the subject line to avoid scams where they promise to Bitcoin in the name of Binance and Changpeng Zhao, in exchange for deposits of the criptomoneda in specific directions. Following the same pattern of the crypto scam on Twitter.

“These scams are much worse than the attack on Twitter. Occur blatantly ‘in the light of the day’, and @YouTube it’s too big for that amount“.

Thus, as explained by Changpeng Zhao, this type of scams have been common on YouTube for a long time. However, the company is so large, and the chances of successfully bring a claim against you are so small, that the company has not found a real solution to the problem. In what, in the words of the CEO of Binance, this is a problem much more serious than the attack on Twitter a few days ago.

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About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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