Pro-XRP lawyer falls victim to latest cyber intrusion

TL;DR Breakdown

  • Pro-XRP lawyer John Deaton faced a phone hack on June 4, which occurred during a relentless cyberattack that spanned several days.
  • Deaton has gained recognition for his strong stance against regulatory enforcement measures implemented by US agencies.
  • The incident highlights the importance of cybersecurity within the crypto industry and the need for vigilance in safeguarding personal accounts and information.

Pro-XRP lawyer John Deaton faced a phone hack on June 4, which occurred during a relentless cyberattack that spanned several days. Deaton, known for representing over 76,000 XRP token holders in the Ripple vs. SEC lawsuit, experienced unauthorized access to his Twitter account. The hackers used his account to promote a cryptocurrency called $LAW token, which currently has a negligible market cap.

CryptoLaw, an account associated with Deaton and managed by his legal team, promptly responded to the hacker’s tweets, clarifying that the messages did not originate from Deaton himself. The team assured followers that immediate steps were being taken to rectify the situation and address the breach.

Coinciding with Deaton’s birthday, the hack came as the attorney received birthday wishes from various members of the crypto asset community. Deaton has gained recognition for his strong stance against regulatory enforcement measures implemented by US agencies, establishing himself as a prominent figure within the crypto market community.

The dissemination of false information and deceptive financial data within the crypto market carries significant risks. Traders often rely on guidance from influential figures in the industry, making it crucial to maintain the market’s stability and integrity. Such actions not only undermine market confidence but also provide regulators with additional reasons to approach the industry with caution.

Pro-XRP lawyer phone hack

In response to the hack, Deaton took proactive measures to communicate with his Twitter followers. Using his daughter Jordan Deaton’s Twitter account, he informed the community about the compromise his own account had suffered. Deaton urged users to report the unauthorized access and hacking of his official Twitter handle.

Members of the XRP community reacted positively to Deaton’s plea and joined forces to spread awareness. One user, @osakaranarson, even posted a step-by-step procedure to guide others on how to report the hacked account. Many users responded, indicating that they had successfully reported the compromised account.

The incident highlights the importance of cybersecurity within the crypto industry and the need for vigilance in safeguarding personal accounts and information. It also serves as a reminder that false information can disrupt markets and potentially harm investors. By promptly addressing the hack and rallying support from the community, Deaton and his legal team demonstrated their commitment to maintaining transparency and protecting the interests of XRP token holders.

As the crypto market continues to evolve, incidents like these underscore the ongoing challenges posed by cybersecurity threats. It remains crucial for individuals and organizations within the industry to prioritize robust security measures to protect both themselves and the broader community from potential breaches and malicious activities

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Pro-XRP lawyer falls victim to latest cyber intrusion

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月8日 16:59
Next 2023年6月8日 17:59

Related articles

  • Media companies meet AI companies to talk about this

    TL;DR Breakdown Top AI companies including OpenAI, Google, Microsoft, and Adobe are in talks with major media outlets regarding the use of news content to train AI technologies. These discussions aim to set a blueprint for future collaborations between AI and news companies, while addressing copyright concerns. In an era where technology and news media often intersect, a ground-breaking series of negotiations are on the horizon. Forefront players in artificial intelligence, including OpenAI, Google, Microsoft, and Adobe, are engaging in dialogues with top media houses to explore collaborations over the use of news content in training their AI technologies. AI technology meets news content Publishing magnates like News Corp, Axel Springer, The New York Times, and The Guardian are reported to be in preliminary discussions with the AI giants. The topic of conversation? The use of copyrighted news material to refine AI technologies like text chatbots and image generators. One suggested arrangement involves the AI firms paying subscription-like fees to the media houses, in exchange for content to develop technologies underpinning chatbots like OpenAI’s ChatGPT and Google’s Bard. This innovative…

    Article 2023年6月19日
  • AI expertise is required to stay ahead – Here is why

    TL;DR Breakdown Nvidia Corp.’s CEO Jensen Huang emphasized the importance of AI expertise for businesses and individuals to remain competitive. AI technology is predicted to reshape corporate structures and redefine all jobs, with companies adept at leveraging AI likely to boost their standing. In an era of rapid technological evolution, having a firm grasp on Artificial Intelligence (AI) is becoming more than an asset – it’s turning into a necessity. Experts, such as Nvidia Corp.’s co-founder and CEO Jensen Huang, strongly urge businesses and professionals to embrace AI or face the prospect of being sidelined. The rapid ascension of Nvidia Corp., a titan in the realm of chip design, whose value has hit record highs due to immense demand from AI industries, illustrates the growing centrality of AI in the global business landscape. In a recent speech to graduates at the National Taiwan University, Huang underscored that AI will not only reshape corporate structures but also redefine every job. The AI advantage: It’s survival of the fittest Huang highlighted that companies equipped to utilize AI will enhance their standing, while…

    Article 2023年6月1日
  • Michael Saylor says Bitcoin can be the ultimate cybersecurity shield

    TL;DR Breakdown Michael Saylor, executive chairman of MicroStrategy, said at the Bitcoin 2023 Conference in Miami that Bitcoin could help combat the cybersecurity threats that will increase with the proliferation of AI.  Saylor suggested creating a public-private key system stored on the Bitcoin layer to establish integrity in cyberspace and stop the spread of phony online identities. Michael Saylor believes that Ordinals will increase Bitcoin adoption by promoting application development.  The global annual cost of cybercrime is predicted to reach $8 trillion annually in 2023. According to MicroStrategy CEO Michael Saylor, the potential of Bitcoin in battling cybersecurity risks is brought on by artificial intelligence (AI). He suggested creating a public-private key system stored on the Bitcoin layer to establish integrity in cyberspace and stop the spread of phony online identities.  Additionally, Saylor highlights how Bitcoin’s decentralized blockchain offers cryptographic security solutions that enhance data protection and privacy. Saylor discusses MicroStrategy’s involvement in the Lightning and Orange projects, emphasizing cutting-edge blockchain-based applications. Contents hide 1 Michael Saylor points to Bitcoin’s role in combating cybersecurity risks caused by AI 2 Bitcoin’s…

    Article 2023年5月31日
  • Court Temporarily Blocks Consent for Additional Charges in SBF’s US Indictment

    TL;DR Breakdown Bahamian court temporarily blocks consent for extra charges in the US indictment against Sam Bankman-Fried, co-founder of FTX. The decision introduces potential trial delays and adds uncertainty to the legal proceedings, creating a twist in the high-profile case. In a recent twist to the ongoing legal battle surrounding cryptocurrency entrepreneur Sam Bankman-Fried, a Bahamian court has issued a temporary order blocking the government from granting consent to additional charges added to Bankman-Fried’s US indictment. The FTX co-founder had sought the dismissal of these charges, arguing that they were not part of his agreement to return from the Bahamas to face US prosecution.  Contents hide 1 Bahamian Court Grants Sam Bankman-Fried Review of US Charges 2 Uncertain Impact on US Prosecution as Bahamian Decision Raises Possibility of Delay 3 Bankman-Fried’s Legal Strategy and Background on the Case 4 Conclusion Bahamian Court Grants Sam Bankman-Fried Review of US Charges In a recent development in the legal saga surrounding cryptocurrency entrepreneur Sam Bankman-Fried, a Bahamian court has issued a temporary order blocking the nation’s government from consenting to charges added to…

    Article 2023年6月17日
  • IMF tips eNaira for improvement in its assessment

    TL;DR Breakdown The IMF has tipped the Nigerian CBDC for improvement following its first development anniversary. The agency talks about the CBDC’s flaws. Nigeria’s eNaira, the country’s central bank digital currency (CBDC), recently celebrated its first year in operation, and the International Monetary Fund (IMF) has released a working paper analyzing its performance during this period. While the IMF researchers commended the eNaira’s debut year, they also provided suggestions for improvement. IMF suggests improvements to the eNaira As the second CBDC in the world after the Bahamian Sand Dollar, the eNaira made its debut in October 2021. The IMF paper revealed that the retail side of the eNaira showed no latency issues. However, its adoption remained limited to initial users, failing to achieve its primary goals of extending financial inclusion to the unbanked population and facilitating remittances, as envisioned by the Central Bank of Nigeria. The paper highlighted that only around 1.5% of eNaira wallets were active weekly, with a total of 802,000 transactions recorded during the observed period. These figures indicate minimal usage, with less than one transaction per…

    Article 2023年5月20日
TOP