WIKIFX REPORT:Scam Crypto Promoted via the British Army Twitter and YouTube Accounts after a Breach

A hacker, or hackers, compromised the social media accounts of the British Army to push people toward cryptocurrency scams.

The army‘s Twitter and YouTube profiles were taken over by the hacker, or hackers — the identity of whom is not yet known — on Sunday. The Twitter account’s name was changed to “pssssd,” and its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.”

The investigation is underway. The British Army YouTube and Twitter accounts were reported to be hacked. Bad actors used military media sources to promote scam cryptocurrencies. Nothing is known about when hackers actually stripped both accounts.

The name of the U.K. militarys YouTube account, meanwhile, was changed to “Ark Invest,” the investment firm of Tesla and bitcoin bull Cathie Wood.

The hacker deleted all the accounts videos and replaced with them with livestreams of old clips taken from a conversation with Elon Musk and Twitter co-founder Jack Dorsey on bitcoin that was hosted by Ark in July 2021. Text was added to the livestreams directing users to crypto scam websites.

However, the fact of taking them over has been officially confirmed by the UK Ministry of Defense. As stated by the officials, both accounts are now running normally.

Security Issues around Crypto

Crypto trading attracts more and more investors promising huge returns. The sector has become extremely popular. As a result, the market is full of not only major and most trusted coins but also scam crypto. The situation around the UK Army social accounts proves the importance of knowing how to identify and avoid crypto rug pulls no matter how potentially profitable and promising assets look.