So far, numerous of the channels that the hackers have actually taken control of, have been rebranded in a manner that they’ll be transmitting cryptocurrency rip-off.

The hackers offer the hijacked channels for costs ranging from $3 USD to $4,000 USD, with the prices depending upon the number of customers on the channel.

According to reports, the hacks are being carried out utilizing cookie theft malware– a fake software that has been set up to be running undiscovered on a victim’s computer system. After successfully getting to the victim’s account, the hackers then proceed to alter the names, show pictures and the whole material of the YouTube channels to mirror huge cryptocurrency exchange companies and large tech companies.

In a particular occasion, the enemy transmitted videos appealing crypto free gifts after the audiences have made an initial contribution, says Google.

Google has actually since shared the above information with the Federal Bureau of Investigation (FBI) of the United States to investigate more deeply.