ZachXBT has disclosed that Chris Larsen, Ripple’s co-founder, suffered a crypto loss of approximately $150 million in January 2024. Investigators linked the theft to the 2022 LastPass breach, where hackers exploited stolen credentials from encrypted vaults to access Chris Larsen’s private keys. The massive theft of 283 million, valued at $150 million at the time,…
According to Attorney Fred Rispoli, Ripple may be required to pay the full $125 million fine as the SEC delays further decisions, awaiting new leadership. The lawsuit, which began in December 2020, stems from the SEC’s claim that Ripple conducted an unregistered securities offering. Legal experts say the protracted legal battle between Ripple Labs and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In an interesting turn of events, the January 2024 theft of 283 million XRP (worth approximately $150 million at current market price) from the wallet of Ripple co-founder Chris Larsen has been linked to the security breach of password manager LastPass. This…
Brad Garlinghouse’s $50M investment in crypto education aims to improve public understanding and adoption of digital assets. The initiative aligns with increasing U.S. government attention on cryptocurrency, further validating the sector’s importance. Ripple CEO Brad Garlinghouse has announced a $50 million grant to support the newly established National Cryptocurrency Association (NCA), aiming to enhance cryptocurrency…
Cardano founder Charles Hoskinson clarified that he was unaware of ADA’s inclusion and confirmed that he isn’t going to the White House Crypto Summit. Anatoly Yakovenko, co-founder of Solana, voiced strong opposition to a federally controlled U.S. Strategic Crypto Reserve. As per the latest report from Unchain, sources familiar with the matter stated that two…
XRP traders are holding firm despite a 34% drop, with a $5 call option dominating Deribit’s market at $4 million. Analysts predict a potential 60-84% surge, citing bullish patterns and key breakouts that could push XRP past $5. XRP has been on a wild ride, with traders eyeing the elusive $5 mark. After reaching a…
David Schwartz’s comments aimed to clarify Ripple’s role in managing its XRP reserves, which sparked renewed debate on the firm’s influence over XRP’s value. Schwartz’s remarks highlight the firm’s ongoing legal battle with the SEC, which claims the firm was responsible for ensuring XRP investors’ financial gains. Ripple Chief Technology Officer David Schwartz has spoken…
The four-year lawsuit between Ripple Labs and the SEC may soon come to an end, with a closed meeting scheduled for March 6, potentially signaling a dismissal or settlement. The SEC’s recent moves to drop investigations into companies like Coinbase and Uniswap have fueled hopes that the XRP lawsuit may also be nearing its conclusion….
During the past 3 months, Polkadot was one of the main performers after gaining by 130%. The price of DOT, one of the leading altcoins, down by 3.6% during the past 24 hours. This shows that it has maintained its go-dowm momentum despite other cryptocurrencies losing much within the period. Generally, DOT has benefited from…
Cardano’s Charles Hoskinson defends the XRP’s inclusion in the US crypto reserve as he claims the asset has a strong community and great technology. Ripple’s Brad Garlinghouse has also commended the effort of Donald Trump while labelling maximalism as an enemy of the progress of the crypto industry. In a recent update, CNF discussed the…
