Coin Bureau Youtube Channel Hacked Despite 2FA Protection

Coin Bureau, a popular cryptocurrency development information portal with more than 600,000 followers on Twitter, suffered a security breach on its Youtube channel on Monday. The hacker allegedly uploaded a video containing a link to a fraudulent fiat/crypto address to solicit a token sale, which was then removed by Youtube. According to Coin Bureau staff, they were baffled by the incident because their accounts were “protected with super-strong passwords and Google Security Keys.”

This is by no means an isolated incident. Famous crypto Youtubers like Ivan on Tech and Real Vision Finance their account was hacked within the past few days. It appeared to be a concerted effort as hackers uploaded a video titled “One World Cryptocurrency,” which solicited the same type of token sale across all the offending accounts. Additionally, the accounts were all logged in from Philippine IP addresses, although VPNs are common, making it difficult to track the exact login location.

It’s unclear how much the hackers got out of the hoax videos, which were quickly removed by the creators and Youtube. However, Twitter users have unconfirmed reports claiming losses. Allegedly a user @James86965119 transfer Send $1,000 worth of digital currency to a fake address posted by hackers. Furthermore, if the Youtubers’ allegations are confirmed, it would call into question the validity of Google’s two-factor authentication service. In theory, hackers won’t be able to access a person’s Youtube account unless they have both a password and a security key.