Elon Musk-crypto video released on hacked South Korean government YouTube channel

A South Korean government-owned YouTube channel was reportedly hacked and renamed SpaceX Invest, after which the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies.

On September 3, the South Korean government’s YouTube channel was momentarily hacked and renamed for sharing live streams of crypto-related videos. However, the account was quickly restored within four hours following proactive intervention, confirmed a local report by Yonhap News Agency (YNA).

The screenshot above was provided to YNA by a locale that shows the compromised channel being renamed SpaceX Invest and streaming videos featuring SpaceX CEO Elon Musk.

The compromised YouTube channel ID and password have been identified as the root cause of the hack. Google also reportedly confirmed the compromise.

Related: Hackers attempt to sell NFT of Belarusian leader’s supposedly stolen passport

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

#binance The security team has identified two suspects for yesterday’s KyberSwap hack. We have provided the information to the Kyber team and are coordinating with LE (law enforcement).

Stay #SAFU. https://t.co/tbQBGaGTNG

— CZ Binance (@cz_binance) September 3, 2022

Binance CEO Changpeng “CZ” Zhao revealed that Binance’s security team identified two suspects and passed the information to KyberSwap and law enforcement. “Binance now plays the role of a big brother in the crypto space. Binance has gone beyond securing its platform to secure the entire crypto ecosystem,” a Crypto Twitter member pointed out.