Popular YouTuber Scuba Jake’s Channel Hacked to Run a Crypto Scam

YouTube is frequently the target of piracy, in particular to carry out crypto scams. The seriousness of crypto scams on YouTube can be quantified by the fact that in July 2020, Apple co-founder Steve Wozniak ended up filing a complaint Google and YouTube on Bitcoin giveaway scams carried out in his name.

Now, another viral YouTuber Jake Koehler (aka Scuba Jake) has suffered a similar hack in which his channel “DALLMYD” was compromised to run a crypto scam and steal funds from its followers.

It should be noted that Jake’s channel has over 13 million subscribers and 1.75 billion views since its inception in 2011. The American YouTuber is known for uploading scuba diving videos where he goes underwater on a treasure hunt and finds/returns lost items, including smartphones. , gadgets and jewelry.

Archive video from Scuba Jake’s YouTube channel

According to the Financial News and Crypto Analysis Blog finboldthe hack took place on September 9, 2022. Apparently, crypto scammers hijacked the channel and attempted to defraud innocent Scuba Jake followers in a fake giveaway program involving Bitcoin and Ethereum cryptocurrencies.

Worse still, scammers apparently managed to steal 1.01 BTC (around $21,000). This analysis was based on QR codes scammers shared with users to scan before sending the crypto.

On the other hand, a look at Blockchain.com confirms that the bitcoin wallet from scammers shared with users has received four transactions, and since its inception, it has received approximately 1.0107 BTC. This is the same amount the scammers stole from Jake’s followers, but it may be higher as the scammers may have used multiple wallets during the live stream. It should be noted that no transaction was carried out in the Ethereum wallet.

Popular YouTuber Scuba Jake's Channel Hacked to Run a Crypto Scam

The scammers also changed the name of Jake’s channel to MicroStrategy US to replicate MicroStrategy, an American crypto-enabled business intelligence company. The scammers staged two live streams of an old video featuring the company’s former CEO and bitcoin enthusiast, Michael Saylor.

The scammers tricked unsuspecting Jake subscribers into sending them cryptocurrency and receiving a higher prize or reward from Saylor. They targeted the channel because of Jake’s huge following.

Although Jake has already confirmed the hack on his Instagram story, but at the time of writing his channel is not available for viewers. A search of his YouTube channel shows video collaboration with other YouTubers while his channel cannot be found on YouTube.

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