A suspicious post from John Deaton has led Ripple's CTO David Schwartz to caution followers regarding account security.
Suspicious John Deaton Post
David Schwartz issued a warning regarding a post from John Deaton on social platform X, advising against engaging with the account until it’s confirmed that it hasn’t been hacked. Schwartz stated: "This post looks wrong in many ways. Please do not trust this until you see confirmation he hasn’t been hacked."
Deaton Clarifies His Intentions
Recognized for his advocacy for XRP holders, Deaton later provided clarification, emphasizing his commitment to democratizing investing. He expressed intentions to address questions and concerns in a live session, reaffirming his support for projects aimed at providing opportunities to everyday investors.
Surge in Crypto Hacks
This incident occurs amidst a rise in security breaches in the crypto industry. This week, KiloEx suffered a loss of $7.5 million due to vulnerabilities, and ZKsync lost approximately $5 million. The total loss in 2024 has exceeded $2 billion, raising questions about the security of client funds.
The situation surrounding John Deaton's account and the increasing threats in the crypto market highlight the importance of vigilance and information verification in this landscape.
