The hackers, on taking over the account, uploaded content with videos of Michael Saylor, the former chief executive of Microstrategy, explaining cryptocurrency investment. Both videos focused on Bitcoin.
Hackers lock Lydia Jazmine out of her YouTube channel
Hackers locked the singer Lydia Nabawanuka, better known as Lydia Jazmine, out of her YouTube account that has over 120,000 subscribers.
MicroStrategy is an American company that provides business intelligence, mobile software, and cloud-based services.
Founded in 1989, the company in August of 2020 invested $250 million in Bitcoin as a treasury reserve asset, citing declining returns from cash, a weakening dollar and other global macroeconomic factors.
Lydia Jazmine's manager told this reporter Monday afternoon that they were “trying to resolve” the issue. At the time of publishing this story the videos had been removed but the account had not been retrieved.
The 'Omutima' singer’s YouTube account has over 20 million views, and the channel has existed since 2018.
Aside from music, she uses her channel to publish some advertising campaigns she has participated in, implying it's a valuable source of income.
The 31-year-old recording artiste, who nurtured her talent in school choir, released her first single with Rabadaba called 'You Know' in 2014.
Crypto scammers are some of the aggressive and bold crooks in the cyber crime world, as they have even targeted accounts of very famous people like the US President Joe Biden and tech billionaire Elon Musk.
Hacking is a very lucrative industry, as criminals take over accounts and demand heavy ransom payments to enable owners of accounts to regain access to their sites.
According to VMware’s 2021 Global Incident Response Threat Report, if cyber criminals continue operating at their current rate, by 2025 global cyber crime costs will reach $10.5 trillion.
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