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Lawsuit Alleges Ripple CEO ‘Dumped’ 67000000 XRP for Cash and Other Cryptocurrency in 2017

Lawsuit Alleges Ripple CEO ‘Dumped’ 67,000,000 XRP for Cash and Other Cryptocurrency in 2017 | The Daily Hodl

An amended class-action lawsuit accuses Ripple CEO Brad Garlinghouse of quietly selling 67,000,000 XRP while heavily promoting the crypto asset. According to the lawsuit, which alleges Ripple has sold XRP as an unregistered security since 2013, Garlinghouse publicly stated he was “very, very, very long” on XRP in 2017 while selling large portions of the crypto asset.