On Saturday, the government of South Korea’s official YouTube channel was hacked and the ones behind it used it for broadcasting a video clip that was related to cryptocurrency.
According to local media reports, sources in Seoul had also revealed that the crypto-related videos also featured crypto enthusiast and billionaire, Elon Musk.
On September 3rd, 2022, the official YouTube channel of the South Korean government found itself a target of a hack.
Officials from Google and the executive powers of Seoul had informed local media that a crypto-themed video had been broadcasted through the channel by the perpetrators responsible for the attack.
The incident occurred on Saturday in the early morning hours and the YouTube channel was hacked and its name changed.
The channel of the South Korean government on the popular video-sharing platform was named ‘Spacex Invest’.
The channel boasted a live broadcast that was dedicated to cryptocurrency. An interview with the founder of Tesla and Spacex and US business magnate, Elon Musk, was also included.
The administration of the YouTube account is the responsibility of the Ministry of Culture, Sports, and Tourism in the Republic of Korea.
It stated that the employees of the department had become aware of the situation in the morning at 6 a.m.
They immediately implemented necessary security measures and began working on regaining management of the channel, which they managed to do at 7:20 a.m.
The primary suspicion is that the ID and password of the account have been compromised. YouTube’s parent company, Google confirmed that the official channel had been compromised.
Google Korea’s official said that they were looking into the incident. In the same week, the Korea Tourism Organization (KTO) also had its YouTube account hacked.
The channel had first been targeted on Thursday and once more on Friday. It boasts about half a million subscribers and was still unavailable on Saturday.
A KTO representative stated that access to the account is immediately blocked by Google if it detects any abnormal activities.
Other hacking incident
Another hacking incident had recently taken place, but not in South Korea. Alexander Lukashenko, the President of Belarus, had been targeted in the said attack.
An anti-government hacking organization by the name of ‘Belarusian Cyber Partisans’ had been behind the attack and they had attempted to sell the president’s passport as a non-fungible token (NFT).
This hacktivist collective is working to raise crypto in order to accumulate funds for its activities that are aimed at opposing the involvement of Minsk in the invasion of neighboring Ukraine by Russia.
With that said, it is quite apparent that there has been a rise in the number of crypto hacks that have been occurring in the market.
It is the decentralized finance (DeFi) space that has become a major target of these cybercriminals this year alone.
There have been some massive hacks that have happened and with more interest being generated, they are likely to happen more.