Pro-XRP lawyer John Deaton experienced a phone hack on June 4, 2023, which lasted for several days. The cyberattack was relentless, as the hackers tweeted to promote a cryptocurrency token called LAW. Deaton represents over 76,000 XRP tokenholders in the Ripple vs. United States Securities and Exchange Commission (SEC) lawsuit.
CryptoLaw, an account created by Deaton, clarified that the tweets were not from Deaton but from hackers, and immediate steps were being taken to remedy the situation. Deaton celebrated his birthday amidst the hack, with wishes and support coming from all corners of the crypto community. He has established himself as an influential figure within the crypto community, with his resolve in confronting regulatory enforcement measures implemented by U.S. agencies.
The dissemination of false information and deceptive financial data within the crypto market poses a significant risk, as traders often rely on guidance from influential figures in the industry. Such actions jeopardize the market’s stability and provide regulators with additional grounds to approach the industry with a sense of prudence and caution.
Deaton took proactive measures to communicate with his Twitter followers, utilizing his daughter Jordan Deaton’s Twitter account to notify people of the hack. Deaton asked the community to report the hack. Some members of the XRP community responded positively to Deaton’s plea and posted tweets to alert more users of the situation. Twitter user Osakar Arnarson tweeted a step-by-step procedure, educating other users on how to report the hacked account. Several other users also responded positively, indicating they had reported the hack.
The attorney representing over 76,000 XRP tokenholders in the Ripple vs. SEC lawsuit is known for his relentless efforts in confronting regulatory enforcement measures implemented by U.S. agencies. Deaton has established himself as an influential figure within the crypto community. His contributions have earned him the respect and admiration of the crypto community, with wishes pouring in as he celebrated his birthday amidst the attack.
CryptoLaw clarified that the tweets were not from Deaton but from hackers, who have been promoting a cryptocurrency token called LAW. The hack lasted for several days, with the dissemination of false information and deceptive financial data within the crypto market posing a significant risk to the industry’s stability. Traders often rely on guidance from influential figures in the industry, hence the need for prudence and caution in the crypto market.
Deaton took proactive measures to communicate with his Twitter followers, utilizing his daughter Jordan Deaton’s Twitter account to notify the community of the hack. Deaton asked for the community’s assistance in reporting the hack, with several members of the XRP responding positively to his plea. Other users also posted tweets to alert more users of the situation, with some reporting that they had successfully reported the hack.
Cyberattacks on influential figures in the crypto industry go beyond personal attacks. They pose a significant risk to the industry’s stability, with traders often relying on guidance from these influential figures. False information and deceptive financial data can lead to significant losses for traders, leading to further questions and scrutiny from regulators. Hence, there is a need for prudence and caution in the crypto market.
