Ripple lawyer John Deaton backed a tweet claiming PEPE was a systematic scam.
As the memecoin frenzy begins to lose its effect, different opinions continue to emerge. While many people thought that PEPE would be the new Dogecoin, fraudulent statements began to come from some quarters.
DeFi Watch founder Chris Blec said PEPE is a systematic scam. Ripple lawyer John Deaton supported Blec’s views and stated that his own view was the same.
Negativity Continues About PEPE
PEPE, which appeared on the Ethereum network and was listed on major crypto exchanges in a very short time, has recently attracted the reaction of the crypto community.
With the end of the memecoin frenzy, the number of criticisms has also increased. In particular, DeFi Watch founder Chris Blec made some pretty harsh words about PEPE. Blec claimed that cryptocurrencies like PEPE did not come about by chance. Connecting this situation to a system, Blec stated that PEPE is a fraud and cost the lives of many people.
Ripple attorney John Deaton has been another name to join the PEPE discussions. Answering the PEPE questions that came to him, Deaton stated that he agreed with the sentences made by Blec and that he thought PEPE was a fraud.
I’ve received a ton of emails and DMs about $pepe asking me what my thoughts are. Since you asked: https://t.co/hSCPR6PkKS
— John E Deaton (@JohnEDeaton1) May 14, 2023
Deaton did not share his opinion directly. However, the famous lawyer gave the message that he was of the same opinion by quoting Blec’s words.
In addition, Coinbase also shared a post about PEPE recently. Stating that PEPE is risky, the stock market received intense reaction from the PEPE community and then backed down.
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