Cryptocurrency

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<ul>
  
 <li>Supreme Court's YouTube hacked, aired Ripple crypto video; security review underway to prevent future breaches.</li>   
 <li>Ripple faces $125M penalty from SEC amid ongoing YouTube scams targeting its CEO for fake cryptocurrency promotions.</li>   
 <li>Supreme Court hack highlights urgent need for stronger cybersecurity measures on judicial streaming platforms.</li> 
</ul>   
<p>In an unprecedented cybersecurity incident, the official YouTube channel of India's Supreme Court was compromised last Friday. Hackers used the channel to broadcast content promoting a cryptocurrency developed by U.S.-based Ripple Labs. This breach occurs amid a broader discussion about digital security within governmental frameworks.</p>   
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   https://twitter.com/LawstreetJ/status/1837039164652458268 
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<h2 class="wp-block-heading" id="h-breach-details-and-immediate-response"><strong>Breach Details and Immediate Response</strong></h2>   
<p>The hackers managed to air a live stream titled "Brad Garlinghouse: Ripple Responds To The SEC's $2 Billion Fine! XRP PRICE PREDICTION" during the breach. The video appeared in the early hours in Europe and was swiftly removed by YouTube after the breach was discovered.&nbsp;</p>   
<p>The Supreme Court confirmed that the channel's service would be suspended temporarily and resumed following a thorough security review. This incident marks the first security breach of the judicial body’s YouTube channel, utilized to livestream significant court hearings, including those of constitution benches and matters of public concern.</p>   
<h2 class="wp-block-heading" id="h-ripple-s-legal-battles-and-youtube-scams"><strong>Ripple's Legal Battles and YouTube Scams</strong></h2>   
<p>This hacking incident coincides with ongoing legal challenges faced by Ripple Labs. In its order, a Manhattan court asked Ripple Labs to pay about $125 million to the U.S. SEC as the penalty. In the lawsuit filed in 2020, the SEC accused Ripple and some of its executives of raising more than $1.3 billion through what it said was an unregistered securities offering of its cryptocurrency XRP.</p>   
<p>Also, <a href="https://cryptonewsland.com/ripple-and-coinbase-challenge-sec-over-crypto-asset-securities/" target="_blank" rel="noreferrer noopener sponsored nofollow">Ripple</a> had sued YouTube for failing to take steps that would have prevented scammers from impersonating its boss, Brad Garlinghouse, and giving away fake cryptocurrency. Such scams have utilized YouTube's advertising and account verification systems to create and publicize content meant to dupe viewers into engaging in such scams, which might cause reputational risk for Ripple.</p>   
<h2 class="wp-block-heading" id="h-enhancing-judicial-integrity-in-digital-age"><strong>Enhancing Judicial Integrity in Digital Age</strong></h2>   
<p>The incident has raised serious questions about the digital security measures on judicial platforms. Ironically, the Supreme Court had begun to livestream its proceedings to increase transparency and earn public trust in the judicial process.&nbsp;</p>   
<p>This recent hack underlines the vulnerabilities associated with digital and streaming platforms. It brings up a loud need to establish enhanced security protocols that protect such critical communication channels against malicious cyber activities.</p>   
<p>Cybersecurity experts say the breach calls for an audit of digital practice and security against future breaches. With digital platforms increasingly becoming part of the judicial processes, their security must be guaranteed to hold and retain integrity and confidence in the judiciary.</p> 
<p>The post <a href="https://cryptonewsland.com/indian-supreme-court-youtube-channel-hacked-promoting-ripple-cryptocurrency/">Indian Supreme Court YouTube Channel Hacked, Promoting Ripple Cryptocurrency</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Indian Supreme Court YouTube Channel Hacked, Promoting Ripple Cryptocurrency

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