XRP Lawyer’s Twitter Account Hacked; Beware Of Fake Rewards – Crypto News – Crypto News
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XRP Lawyer’s Twitter Account Hacked; Beware Of Fake Rewards – Crypto News

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crypto news: Hackers targeted the official Twitter account of Jeremy Hogan, an attorney who supports the XRP community in its fight against the US Securities and Exchange Commission (SEC). It was John Deaton, another popular attorney who represents the more than 75,000 XRP token holders in the SEC lawsuit, who had confirmed the news to the crypto market on tuesday. Meanwhile, the XRP price saw a dip of around 8% in the last one week, following speculation on what the US SEC would do next in response to the Summary Judgment.

Also Read: XRP, DOGE Among Top Altcoins In Market Depth Spike After Ripple Ruling

Earlier, CoinGape Reported that in June 2023, scamsters targeted Deaton’s Twitter account on his birthday. At the time, the hackers fraudulently promoted a cryptocurrency by the name $LAW token, which had a negligible market cap.

XRP Lawyer Jeremy Hogan Twitter Account Hacked

In a similar event, the attackers are now promoting a rewards program by name RippleX, asking users to claim tokens. The token give away is being pushed in the name of celebrating XRP’s triumph in the SEC lawsuit. After recognizing that the account was hacked, attorney Deaton warned the XRP holders not to fall for the XRPX rewards give away. “Jeremy has been hacked. Do not fall for this,” he warned.

On the other hand, the XRP community is weighing in on the options left with the US SEC in the lawsuit. MetaLawMan posted on Twitter that he expects the SEC to file a request for an interlocutory appeal within the next two weeks. It remains to be seen how the crypto market would react to the agency’s response to the Summary Judgment that said the programmatic sale of XRP to retail investors is not a security.

US SEC’s Remarks Against XRP Ruling

Recently, the US SEC contested the ruling when it mentioned the XRP judgment in the pleadings in the Terraform Labs case. Terra and Do Kwon sought to dismiss the lawsuit citing the agency had no jurisdiction over LUNC and UST considering the Summary Judgment. In response, the SEC said it was looking to review the decision.

Also Read: LUNC News: Terra Luna Classic Proposal To Improve Governance And Decentralization

Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com/BitcoinReddy

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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