NewsletterJust In: Pro-XRP Lawyer’s Twitter Account Hacked; Beware Of Fake Rewards
Crypto News: Hackers targeted the official Twitter account of Jeremy Hogan, an attorney who supports the XRP community in its fight against the U.S. 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 to not fall for the XRPX rewards give away. “Jeremy has been hacked. Do not fall for this,” he warned.
On the other side, 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 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 pleading in the Terraform Labs case. Terra and Do Kwon sought to dismiss the lawsuit citing the agency had no jurisdiction on 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
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