Crypto hackers have seized control of the Supreme Court of India's official YouTube channel to promote a Ripple and XRP scam. The channel, which has over 217,000 subscribers, was hacked on September 20.
Details of the Hack
The hacked channel was rebranded to promote misleading cryptocurrency content about Ripple and XRP investments, misleading many people. The fraudulent livestream events often featured phishing links prompting users to connect their crypto wallets. When users clicked on these links and approved the requests, hackers gained full access to the wallets, allowing them to withdraw funds without any additional authentication.
Authorities' Response
Following the incident, the channel became inaccessible as authorities scrambled to address the breach. The Supreme Court's administration launched an investigation to determine the extent of the hack and how such a high-profile account was compromised.
Importance of Cybersecurity
This incident comes amid a wave of similar scams targeting well-known institutions, highlighting the need for greater attention to cybersecurity. Cybersecurity experts are warning the public to exercise caution when engaging with cryptocurrency promotions, especially on social media platforms. With the recent volatility in the cryptocurrency market, scams are becoming increasingly prevalent. The Supreme Court case underscores the urgent need for enhanced security measures to protect official accounts from cyber threats.
The hacking of the Supreme Court of India's YouTube channel by crypto criminals to spread Ripple and XRP scams underscores the importance of cybersecurity, especially for high-profile accounts. It is crucial for all users to approach cryptocurrency promotions with caution.
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