The latest breach of the Supreme Courtroom’s YouTube Channel highlights a rising pattern the place cybercriminals are profiting from social media accounts belonging to people, companies, and organizations to advertise fraudulent cryptocurrencies.
Key Notes
- Cybercriminals has taken management of Indian’s Supreme Courtroom to advertise XRP, a digital asset related to Ripple.
- The hackers took over the account on Friday shortly after it was used to stream a high-profile rape case that concerned homicide in India.
- The channel is at the moment suspended and the court docket is but to verify the report.
On Friday, September 20, 2024, the official YouTube channel related to the Indian Supreme Courtroom was purportedly compromised in a cyber assault, redirecting customers to fraudulent content material selling XRP
XRP
$0.58
24h volatility:
-0.1%
Market cap:
$32.97 B
Vol. 24h:
$868.00 M
, a digital asset used to facilitate cross-border funds by Ripple.
In accordance with an area information report, the hackers posted a deceptive video titled “Brad Garlinghouse: Ripple Responds To The SEC’s $2 Billion Effective! XRP PRICE PREDICTION”, on the channel instantly after gaining management of the account.
Indian Supreme Courtroom Underneath Assault
The hacked YouTube channel with tens of millions of followers was just lately used to stream proceedings involving a rape case and homicide in India. Nonetheless, after gaining management of the channel, the attackers have eliminated all traces of the case together with different movies beforehand obtainable on the channel.
As per the experiences, the one accessible video on the channel is the one uploaded by the hackers to advertise Ripple’s XRP. This has led to speculations that the hackers could also be one of many XRP armies trying to inflate the value of the token to money out.
Whereas the intent behind the again stays at massive, the video in query centered round Ripple’s ongoing authorized battle with the US Securities and Alternate Fee (SEC). The blockchain fee infrastructure supplier has been embroiled in a multi-year court docket case relating to whether or not XRP ought to be labeled as an unregistered safety.
In the meantime, on the time of writing, YouTube has taken down the channel, suspending all actions on the account. Regardless of the suspension, the court docket is but to launch a public assertion relating to the hack.
A Rising Pattern
The latest breach of the Supreme Courtroom’s YouTube Channel highlights a rising pattern the place cybercriminals are profiting from social media accounts belonging to people, companies, and organizations to advertise fraudulent cryptocurrencies. These scams usually contain deceiving customers with gives that entice them to ship a selected digital asset in alternate for a bigger return.
Simply yesterday, cybercriminals compromised the official X account of Decentraland, a metaverse platform, to unfold a phishing hyperlink masquerading as an airdrop for its native MANA token, geared toward deceptive its followers.
The hyperlink reportedly led customers to a web site the place they have been instructed to say the airdrop by connecting their cryptocurrency wallets. Sadly, as soon as customers linked their wallets, their funds have been put in danger, making them inclined to monetary losses.
Previous to this incident, on Wednesday, hackers additionally targeted a number of high-profile accounts within the crypto area to advertise a meme coin referred to as HACKED.
Victims included Lenovo India, filmmaker Oliver Stone, Yahoo Information UK, and soccer star Neymar Jr. The hackers posted tweets endorsing the suspicious coin, stating “INTRODUCING $HACKED ON SOLANA”, and promised to share the token tackle by means of every compromised account to “pump it and make earnings collectively”.
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Chimamanda is a crypto fanatic and skilled author specializing in the dynamic world of cryptocurrencies. She joined the trade in 2019 and has since developed an curiosity within the rising financial system. She combines her ardour for blockchain know-how along with her love for journey and meals, bringing a contemporary and interesting perspective to her work.
