- The phone of prominent crypto advocate John Deaton was hacked.
- The compromised phone falsely unveiled $LAW as an official token of CryptoLawUS.
- Users are urged to disregard the fraudulent announcement and await official updates.
In a shocking turn of events, prominent crypto advocate John Deaton’s phone has been hacked, leading to a false token announcement being made via his verified Twitter account. CryptoLawUS, a well-known crypto regulation-focused account, confirmed the development early today, June 4, 2023.
According to a tweet from CryptoLawUS, Deaton’s phone was compromised following a relentless cyberattack over several days. The tweet emphasized that the message posted on Deaton’s account was not genuine and urged users to disregard it and any other communications from the compromised account until further notice.
The fraudulent tweet from Deaton’s hacked account introduced a supposed new token called $LAW, claiming it as the official token of CryptoLawUS. The message suggested that $LAW aimed to revolutionize tokenization and DeFi, focusing on crypto regulation.
However, it is crucial to note that the announcement made from Deaton’s compromised account is entirely false and unauthorized. Users are strongly advised against engaging with the mentioned website or participating in any $LAW activities.
John Deaton, a prominent figure in the crypto community known for advocating for fair regulation and representing XRP holders in the ongoing Ripple lawsuit, swiftly took action to remedy the situation upon discovering the breach.
However, no further details regarding the measures taken to regain control of his Twitter account have been disclosed yet. Additionally, the fraudulent tweet is still up at the time of writing.
The incident is a stark reminder of the persisting cybersecurity risks within the crypto space. Users and industry figures are urged to remain cautious, particularly when encountering unexpected announcements or calls to participate in token offerings.
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