Ripple’s Chief Technology Officer (CTO), David Schwartz, has issued a public warning after a suspicious post on John Deaton’s X (formerly Twitter) account raised concerns of a possible breach. The post, which promoted Arch Public, a cryptocurrency platform, struck many as unusual due to its lack of context or background typically seen in Deaton’s advocacy work.
Deaton, a prominent crypto lawyer known for his support of XRP holders and regulatory clarity in the crypto industry, has long been focused on legal issues, policy, and crypto rights. However, this recent promotion of Arch Public diverged from his usual content, leading followers to question its authenticity.
In his reaction, Schwartz cautioned Deaton’s 354,000 followers not to trust the post until Deaton could confirm the account’s security. The warning, which highlighted discrepancies in the tone and content of the message, was swiftly followed by a surge of comments from the crypto community expressing concern that Deaton’s account had been compromised.
Deaton addressed the situation on X, acknowledging the community’s concerns while clarifying that some of the reactions were based on misinformation. He assured his followers that he would go live on X at 3 PM EST on April 16, 2025, to provide further clarification.
This incident comes amid a growing wave of crypto-related hacks, adding urgency to concerns over account security. Recently, KiloEx, a decentralized exchange, suffered a $7.5 million loss due to a hack exploiting vulnerabilities in its pricing mechanism. Additionally, zkSync experienced a breach on April 15, where hackers minted 111 million ZK tokens, causing a significant price drop.
The increasing frequency of such attacks highlights the need for heightened caution within the crypto community, especially in light of high-profile breaches like the one involving Deaton’s account.
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