Hi Daniel,
I don't know if you ever figure this out but here's what I did to change mine. (See instructions below). My new thumbnail is now pending approval, so it must have worked. (I just did it few minutes ago)!
Good luck. :)
1. Click on ‘Teacher Settings’ (Top right-hand corner)
2. Click on ‘Teacher profile’ (left panel)
3. A menu will drop down.
4. Click on ‘Video’
5. Scroll down to ‘Upload Video Thumbnail’
6. Click on ‘Upload Video Thumbnail’
7. Upload Video Thumbnail
Note: Video Thumbnails must be at least 700 pixels in width and 400 pixels in height and cannot exceed a height of 1200 pixels.