Ripple Takes UK Currency Exchange To London Court Over $15 Million Dispute
In a legal battle that has recently come to light on September 4, Ripple Labs Singapore, the Singapore arm of Ripple Inc., has taken legal action against GCC Exchange, a well-known foreign exchange and money transfer app provider. The lawsuit stems from alleged non-payment issues concerning the transfer of XRP liquidity injected by Ripple’s Singapore-based […]
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The legal battle over roughly $1m in disputed funds continues between Ripple Labs and founder and ex-employee Jed McCaleb, with a flurry of new court filings over the past month setting the stage for conflict between the two sides. In total, $1,038,172 is currently being held by digital currency exchange Bitstamp, an amount that both Ripple Labs and the Stellar Development Foundation, McCaleb's current employer, are now seeking. Both sides have weighed in on whether the court should grant Bitstamp's request to be discharged from the case after it filed a complaint for interpleader on 1st....
Bitstamp has initiated legal action over more than $1m in disputed funds related to the sale of nearly 100m XRP last month. Bitstamp, which operates a Ripple gateway and bitcoin exchange, filed a complaint for interpleader on 1st April in the US District Court in the Northern District of California. Jed McCaleb, the founder of both Ripple Labs and Stellar, and two of McCaleb's family members were named in the complaint. The $1,038,172 in disputed funds were used by Ripple Labs to purchase 96,342,361.6 XRP put up for sale through an account allegedly controlled by McCaleb, according to the....
Ripple chief executive officer, Brad Garlinghouse, stated in July that the crypto company will relocate if it loses its legal dispute with the U.S. Securities and Exchange Commission. Well, it looks like Garlinghouse will just have to stay put and not go anywhere. Ripple has just won a major victory against the SEC in court. […]
In its latest court filing, the legal team representing Ripple Labs – the company behind the XRP token – argued that the United States Securities and Exchange Commission (SEC) doesn’t have the grounds to request an appeal. This comes as the SEC looks to dispute Ripple’s partial victory after Judge Annalisa Torres ruled – in […]
A months-long legal dispute involving distributed ledger technology startup Ripple and its co-founder Jed McCaleb has come to an end. Though the settlement was announced in an 11th February post on the main Ripple forums, the dispute dates back to last spring when digital currency exchange Bitstamp filed suit over dueling claims on nearly 100m XRP – the native token of the distributed Ripple network – an amount worth just over $1m when the suit was filed. At the time, Ripple alleged that McCaleb had violated a 2014 agreement governing the sale of his XRP holdings, numbered at 9 billion....