Twitter of Pro-Ripple Lawyer Hacked, Stops Promoting LAW Token.
On Sunday, June 4th, the Twitter account of Ripple lawyer John Deaton was hacked after several days of relentless cyberattacks. Deaton quickly alerted his followers through his other account CryptoLaw. In response to the hacker’s tweets from Deaton’s account, CryptoLaw clarified that the tweets were not officially from Deaton but from the hackers. The hack occurred on Deaton’s birthday, which could have been a calculated move by the hackers to boost the legitimacy of their tweets while offering a fake giveaway of the LAW token. Deaton has gained recognition in the crypto community for his strong stance against US regulatory enforcement actions, making him an influential figure in the field.
Hacking of popular crypto-supporting Twitter accounts has been happening quite frequently, especially during the crypto winter of the last year. The dissemination of false information poses a significant risk to investors losing their investments. While there have been different forms of crypto hacks in the market, phishing scams have been the most prominent ones. Here, the scammers use different ways such as hacking the Twitter accounts of famous personalities or hacking the Discord channels of different crypto projects, as well as spamming posts with phishing links.
Scamming Using the LAW Token
The scammers claim that the LAW token “introduces an innovative approach to tokenization and DeFi, centered around crypto regulation and jurisdiction.” Phishing links often entice users with promises of airdrops for established or new projects. These scams typically trick users into connecting their wallets, leading to the loss of their funds. The website for the LAW token looks similar to phishing sites and also asks users to connect their wallets. As of now, there haven’t been any reports of users falling victim to this scam or losing funds. Other prominent XRP community members have warned others to be cautious of the scam. Ripple’s CTO, David Schwartz, was quick to respond, adding:
“CAUTION: This is a fake. I guess John’s account was hacked. The site is a rip-off of https:// fuse.io and is broken in many ways. Registration is anonymous. The only evidence this is a thing is from John’s Twitter.”
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