- Ripple has appealed to Judge Torres to seal records related to SEC’s Motion for Judgement and Remedies. Ripple transferred 280,000,000 XRP tokens through CEX and Ripple.
- According to Whale Alert, anonymous addresses transferred 279,97 millions XRP recently between Bitstamp Ripple.
Today, after the filing of omnibus applications for sealing important documents related to remedy-related information on May 13th, Ripple XRP’s v. U.S. SEC has taken a different turn.
Jonathan Bilich (CFO) of Ripple, who is a well known attorney, James K. Filan has stated on X that Jonathan Bilich submitted a Declaration in support the request by the company to seal all documents pertaining the discounts offered on XRP CNF has previously announced that it will offer institutional clients a discount.
Ripple asked Judge Torres for sealed documents on the SEC Motion for Judgement and Remedy. The petition revealed that 280 million tokens of XRP were exchanged between Ripple and controlled exchanges (CEX). Here is an overview of events that led to the filing of the omnibus letters motions, and comments by Ripple CFO.
Whale Alert: Massive XRP Movements
Whale Alert’s findings show that an unidentified address recently sent 279.97 Million dollars to a Blockchain. XRP Bitstamp, Ripple and Ripple together. Rzn – the well known XRP whale – continued moving money into Bitstamp. Its most recent transaction saw 29,97,000,000 XRP offloaded.
All transactions that involved XRP transfer from Ripple through an unknown wallet and to an address unknown also received a lot of attention. The first transfer revealed that Ripple was used to send 150 million XRP via an unknown wallet address (7XZ63sKxv3). 100 million XRP were further sent to ….r2SE32hk, another unidentified address.
I submit this statement to back up the redactions Ripple “It’s not a secret,” Ripple CFO said, in his statement on extremely confidential information.
These three categories include confidential, highly sensitive information and classified information financial Terms Ripple’s Contracts with Third Parties, Specific financial Ripple’s audited financial statements are not publicly available. financial Ripple’s internal documents and communications contain highly sensitive information and statements financial Business strategies are discussed in reports.
As of the date of this writing, the price for XRP stood at about $0.5004The ‘down 1.31% According to CoinMarketCap, Bitcoin has been gaining in value over the past 24 hours. This also includes a 3.83% The previous 7 days’ drop. Ripple’s recent actions and the current legal dispute have certainly affected the mood on the market regarding XRP.
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Source: www.crypto-news-flash.com