Crypto Market News: John Deaton, the attorney representing the more than 76,000 XRP token holders in the Ripple Vs U.S. Securities and Exchange Commission (SEC) lawsuit, received a late birthday gift on Saturday. Deaton’s Twitter account was hacked and tweets coming out from the hackers promoted a cryptocurrency named $LAW token, which has almost non-existent market cap currently. An influential figure in the crypto market community, the attorney is known for his fighting spirit against regulatory enforcement from the United States agencies.
Also Read: Ethereum Advocate Predicts “Layer-2 Summer” Next Year; Which Tokens To Rally?
XRP Attorney John Deaton Targeted
On Saturday, Deaton celebrated his birthday amid wishes from all corners of the crypto asset community. Another Twitter handle, CryptoLaw, which is founded by the attorney, clarified that the tweets were not coming from Deaton but from hackers. Immediate steps to remedy the situation, it clarified.
“John Deaton’s phone has been hacked today after a relentless cyberattack over several days. This is NOT a legitimate tweet. His account has been taken over. He has taken immediate steps to remedy the situation.”
Misinformation and misleading financial information can be dangerous for the crypto market, as traders tend to follow hints from key figures in the industry. But, acts like these could become yet another reason for regulators to look the industry from a lens of caution.
Also Read: This Amendment In US Crypto Bill Can Lead SEC To Reimburse On Losing
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.