Altcoins News
By Steven Anderson
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Ripple XRP Class-Action Suit
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Ripple XRP launched an official fraud reporting procedure. The foul play on the XRP community about anything fraudulent related to XRP can be published on the official page.
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Sydney Ifergan, the crypto expert, tweeted: “Under the Ripple XRP Fraud Reporting system, the funds are not reversed.
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This is not a breakthrough innovation, because the company, even in the past without the presence of such a page, would still know the event from some other source.
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The strong willingness to fight crime is appreciable, though.
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Ripple, however, clarifies that Ripple will not be able to reverse the transactions due to the decentralized XRP ledger.
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U.S. District Judge Phyllis Hamilton, of the Northern District of California, permitted a class-action lawsuit initiated by retail XRP buyers.
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The judge wrote, “While defendants did acknowledge various 2013 offers and sales in their May 2015 settlement with the USAO [U.S.
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“The investors claimed they lost money after selling their XRP tokens because Ripple's promotional statements duped them."
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Ripple can’t escape XRP, lawsuit it says could topple market! However, in the real-time world, there is a lawsuit initiated against literally everyone, and it has nothing to doom…
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