"Never Thought I'd Be Accused of Crypto Fraud": Kwaktube Clarifies After Being Mistaken for $54.4 Billion Global Crypto Hacker

YouTuber and television personality Kwaktube (real name Kwak Joon-bin) has personally stepped forward to clarify his position after being mistaken for the central figure in a global virtual asset hacking incident.

On June 17, Kwaktube posted a message on his social media in English, stating, "I'm a YouTuber from Korea, never even tried coins. He stole my picture," and alerted the public to the fact that his photo had been stolen.

The incident began on June 8, when Terence Kwak, the CEO of the virtual asset project 'Humanity Protocol,' changed his social media profile picture to a photo of Kwaktube's face. 'Humanity Protocol' recently suffered a massive hack, causing the value of its tokens to plummet by more than 80%. The resulting losses for investors are estimated to be around $36 million, or approximately 54.4 billion Korean won.

As fierce protests from investors around the world poured in, CEO Terence Kwak suddenly changed his social media profile picture to that of Kwaktube, a famous Korean creator with 2 million subscribers, and went into hiding.

Subsequently, prominent international virtual asset influencers, unaware of the full story, began sharing screenshots of Kwaktube's photo from Terence Kwak's profile, posting on social media that "this person is the culprit behind the crypto fraud." In effect, Kwaktube was instantly branded as the mastermind behind a global hacking scam.

Facing indiscriminate criticism from global netizens due to the unexpected theft of his photo, Kwaktube took action to resolve the situation by posting a clarification. Expressing his frustration and bewilderment, Kwaktube wrote, "I never thought I'd be a victim of identity theft for a crypto scam. I don't create coins. Of all names, it had to be Kwak."

(Photo: Kwaktube Instagram)

Reported by Kang Sun-ae

(SBS Entertainment News, Reporter Kang Sun-ae)
※ Please note: This article was translated by AI and may contain errors.