File picture of Supreme Courtroom of India
| Photograph Credit score: Subramanium S.
A YouTube channel beneath the Indian Supreme Courtroom title was hacked on Friday (September 20, 2024), because the URL re-directed customers to a web page that confirmed media selling a cryptocurrency developed by the U.S.-based firm Ripple Labs.
A clean video with the title “Brad Garlinghouse: Ripple Responds To The SEC’s $2 Billion Effective! XRP PRICE PREDICTION” was stay on the hacked channel, which had the URL www.youtube.com/@supremecourtofindia5950.
A screenshot reveals the hacked channel getting used to stream fraudulent XRP content material
| Photograph Credit score:
Picture sourced from YouTube and compiled on Canva by The Hindu
As of Friday, XRP was the seventh largest cryptocurrency by market capitalisation, per CoinMarketCap. The cryptocurrency that goals to facilitate cross-border transactions and reduce out the extra charges was concerned in a multi-year courtroom case within the U.S. over whether or not it ought to be categorized as unregistered securities, versus a commodity.
Supporters of a cryptocurrency generally try to hack notable handles or web accounts so as to promote the asset, pump its value, or elevate consciousness about it.
Most of the shared media or hyperlinks from these hacks are fraudulent in nature, and customers ought to keep away from interacting with them. This isn’t the primary time Ripple or XRP supporters have hacked a distinguished deal with, as Indian crypto exchange CoinDCX was similarly affected a few years ago.
The apex courtroom has been utilizing YouTube to stream stay hearings of circumstances listed earlier than structure benches, and issues involving public curiosity.
In a unanimous resolution taken by the latest full courtroom assembly headed by then CJI U.U. Lalit, the highest courtroom determined to live-stream proceedings of all structure bench hearings, following a path-breaking verdict on the matter in 2018.
The affected YouTube web page later appeared to have been taken down.
Screenshot of the affected web page
| Photograph Credit score:
https://www.youtube.com/@supremecourtofindia5950
Printed – September 20, 2024 12:51 pm IST
