“I’m Not the Same Person”… Kwak Tube Personally Clarifies After Being Mistaken as the ‘Main Culprit’ in $55 Million Coin Hacking Incident | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker

Humanity Protocol Suffers $55 Million Hacking Loss
CEO Changes Profile Photo to Kwaktube, Spreading Confusion
“I Don’t Make Coins” – Kwaktube Directly Refutes Accusations

YouTuber Kwak Tube, who has 2.14 million subscribers, personally stepped forward to clarify after being mistaken as the main culprit in a virtual asset project hacking incident with which he had no involvement.

On June 17, Kwak Tube wrote in English on his Instagram, “I’m a YouTuber from Korea, never even tried coins. He stole my picture.”

He then expressed his frustration in Korean, saying, “I can’t believe I’ve become a victim of a crypto scam impersonation. I don’t create coins. Of all people, it had to be someone named Kwak.”

The “Kwak” mentioned by Kwak Tube refers to Terence Kwak, the founder and CEO of the global virtual asset project Humanity Protocol. A businessman from Hong Kong, Terence Kwak made a name for himself by founding the unicorn startup Tink Labs (a startup valued at more than 1 trillion won). He later launched the blockchain project Humanity Protocol, which authenticates user identities and distinguishes between deepfakes and bots.

The controversy began with the hacking incident involving Humanity Protocol. On June 8, Humanity Protocol’s own token, Humanity (H), suffered a hacking attack and plummeted by about 80%, dropping from around 1,290 won to 280 won on Bithumb. The estimated damage amounts to approximately 36 million dollars (about 55 billion won).

According to Humanity Protocol, the personal key for a multisignature (multisig) wallet was leaked after an employee’s laptop was infected with malware.

As investors inundated the project with complaints, Terence Kwak changed his profile picture to a photo of Kwak Tube without offering any explanation and remained silent. Overseas investors, unaware of the situation, saw the profile photo and mistook Kwak Tube for Terence Kwak. Some even posted Kwak Tube’s photo on social media, denouncing him as “the person who committed a coin scam worth tens of billions of won.”

As a result, the damage fell squarely on Kwak Tube. The reason Terence Kwak changed his profile picture to that of Kwak Tube remains unknown. As of 6 p.m. on June 17, his X account profile photo is still set to an image of Kwak Tube.

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