On June 4, XRP supporter John Deaton became the victim of a relentless cyber attack that not only stole his phone but also set off a wave of hostile digital attacks that persisted for days.
Crypto Law, Deaton’s organization, stated that he had been the target of “a relentless cyberattack over several days.” Through his daughter’s account, the famed XRP lawyer informed his followers of the hack and urged them to contact law enforcement.
The number of people for whom Deaton acts as legal counsel exceeds 76,000, and this figure is growing rapidly.
this is John E. Deaton tweeting from my daughter’s account. i still do not have access to my Twitter account. Twitter informed me that it could take 1-3 days. @elonmusk this must be fixed. worse case, i will see you on @CryptoLawUS’s Tuesday Livestream at 3 pm EST to discuss. https://t.co/PZsMI0PDqt
— Jordan Deaton (@jordanmdeaton) June 4, 2023
Ripple is a leading blockchain technology business, and the United States Securities and Exchange Commission (SEC) are in a pivotal legal dispute over these token holders.
Hackers Target John Deaton Twitter Account To Promote Bogus Token
The case centers on regulatory questions over whether or not Ripple’s XRP token is a security under U.S. law. John Deaton has agreed to represent the XRP token holders in court and will fight for their rights and interests.
Presenting $LAW, the official token derived directly from @CryptoLawUS. $LAW introduces an innovative approach to tokenization and DeFi, centred around crypto regulation and jurisdiction.
Claim $LAW here: https://t.co/iQsF6IiZix pic.twitter.com/miGlvenah7
— John E Deaton (@JohnEDeaton1) June 3, 2023
John Deaton On The Crosshair And SEC Court Battle
John Deaton is well-known on Crypto Twitter, particularly among XRP enthusiasts. His coverage of the ongoing case between Ripple and the SEC has earned him over 200,000 followers and a good reputation.
It’s intriguing that the hack happened on his birthday. Since the hackers were giving a bogus giveaway of the LAW token, this was likely a planned move on their part to increase the veracity of their tweets.
The fraudsters claim that the token presents a novel method of tokenization and DeFi that is grounded in concerns about the proper jurisdiction and regulation of cryptocurrencies.
Due to the reliance that traders place on the advice of industry leaders, the crypto market is vulnerable to the spread of false and misleading financial data. But these kinds of actions could give regulators more reason to view the sector with suspicion.
In response to Deaton’s tweet, some members of the XRP community tweeted to inform other users about the crisis. Osakar Arnarson, a Twitter user, issued a detailed guide that showed other users how to report the compromised account. Dozens of additional individuals also replied, saying they had reported the hack without any problems.
BTCUSD plunges below the $26K level today. Chart: TradingView.com
Twitter Hacks On The Rise
Twitter hacks are instances in which hackers obtain access to user accounts without their knowledge and then misuse those accounts for their own ends. Since Twitter is a widely used social networking site, these breaches can have far-reaching consequences for its millions of users.
More than 400 million Twitter accounts apparently had their data exposed and put up for sale on the Dark Net in December 2022, as claimed by Israeli cyber intelligence firm Hudson Rock.
The hackers said the data includes the private contact information of celebrities, politicians, corporations, and ordinary people.
Meanwhile, according to a tweet posted by a colleague of John Deaton, named James K. Filan, it is anticipated that Deaton will regain access to his account within the next two to three days.
-Featured image from Times Tabloid
