Given some irresponsible speculation and reporting, I want to reiterate that NO Ripple-managed wallets were compromised. Full stop.
Replying to @Ripple
This is an isolated incident, and Ripple wallets are secure / were never compromised. We’ve confirmed nearly all the affected funds were converted out of XRP. We’re working with law enforcement and have been advised that a significant portion of funds have been frozen, and are pursuing the remainder aggressively. Many thanks to @XRPLF @Silkjaer for their help.
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SEC v. @Coinbase Update V (last) The long awaited hearing is over. As expected, there was no ruling from the Judge. There were no knockout blows delivered by either side and, frankly, not a lot of high points over the course of the 5 hour hearing. The Judge was the star of the show. She was exceptionally well prepared. She had drafted 14 pages of questions for the hearing. She understood the terminology and the technology. She is the kind of Judge you want to handle a case of this magnitude. There was some interesting banter about the relative merits of Judge Rakoff's ruling in the Terraform Labs case and Judge Torres' decision in @Ripple. Both Judges work in the same building with Judge Failla. But the Judge gave nothing away in terms of how she viewed the reasoning of each of those cases. There was a general consensus that tokens are not "in and of themselves securities" but the SEC argued, nonetheless, that transactions of tokens on secondary trading platforms like Coinbase can still constitute sales of investment contracts. The SEC lawyers were better prepared than when they were caught flat footed in July and were generally effective making their case. The lead lawyer for Coinbase, William Savitt of Wachtel Lipton, was methodical in his approach to answering the Judge's questions. Each side was given a few minutes of summation time to say whatever they wanted at the end and, in that space, Savitt definitely stepped up his game and finished with some very strong closing points. I watched the Judge carefully. She is either genuinely undecided about how to rule or she is a great actor. The one message I took away was she is uncomfortable with the idea of dismissing the case on the basis of the Major Questions Doctrine. My guess (and it's just a guess) is she is going to allow the case to go forward to discovery, like the Ripple case. But, I continue to believe, as noted in my pinned tweet, that Coinbase will ultimately win the case in the end. Congress, of course, could put a stop to the whole thing with adoption of comprehensive crypto legislation but that won't happen this year. I expect the Judge will issue her written decision on the motion within the next 3 months. Not legal advice. You get what you pay for.
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@elonmusk whats the point in me paying $120 a year to be verified when I still have tens copycat accounts who are scamming people? Despite them being reported they are not removed! Please please RETWEET - please.
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KWongK retweeted
I will buy a Lamborghini for 1 follower when Bitcoin hits $1,000,000. Just like, retweet and save this post.
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There’s been an uptick in deepfake scam videos (ex below) overlaying new words with old video footage from Ripple’s events (@YouTube are you asleep at the wheel again?!). Reminder: don't trust, verify (all approved messaging will only come from official Ripple accounts).
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I'm seeing some confusion as to what could happen next in the Ripple v. SEC case now that the Judge denied an interlocutory appeal. Sooo, I have outlined every possibility and provided the exact chance of each possibility happening and how long each would take. Exactly. 1/356

ALT Keep Reading Fabolous GIF

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#XRPCommunity The greatest truth teller of our generation - @digitalassetbuy - has been suspended from @X!!! @elonmusk @Support - You’ve just “jumped the shark” with this action. Please reinstate @digitalassetbuy account Now. @JohnEDeaton1 @attorneyjeremy1 @freddyriz @ThaniaCh
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🚨📣🚨📣🚨📣🚨📣🚨📣🚨📣🚨📣🚨📣 @X @elonmusk @support please help @digitalassetbuy get his #Xaccount back. He was wrongfully suspended. #XRPArmy #RETWEET
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Incredibly proud of team @Ripple – just 4(!) months after we received our in-principle approval from @MAS_sg, we’ve now secured the full Major Payment Institution license for digital payment token services in Singapore.
It’s official: Ripple is now fully licensed to provide digital payment token services in Singapore by @MAS_sg! Ripple is committed to delivering real-world crypto solutions for businesses in APAC. Learn more: ripple.com/insights/ripple-f…
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KWongK retweeted
It’s official: Ripple is now fully licensed to provide digital payment token services in Singapore by @MAS_sg! Ripple is committed to delivering real-world crypto solutions for businesses in APAC. Learn more: ripple.com/insights/ripple-f…
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Looking forward to seeing many of you tonight at the Proper Party — excited to bring people together to celebrate what we’ve collectively achieved, a reminder to the SEC that court decisions matter, and that progress is worth fighting for!
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Breaking News 📰 Groundbreaking Legislation: U.S. House Passes Bill to Protect #Cryptocurrency Self-Custody Rights Exciting update from the world of cryptocurrency! The U.S. House Financial Services Committee has made a groundbreaking move by passing a bill that safeguards the fundamental right of citizens to self-custody their precious cryptocurrencies. This marks a major win for crypto enthusiasts and advocates, ensuring that their digital assets remain securely under self control. With this bill's passage, the crypto community can celebrate the continued protection of personal financial autonomy, empowering individuals to manage their digital wealth without unnecessary hurdles. Embracing the spirit of decentralization and financial freedom, this move fosters innovation and strengthens the crypto ecosystem, driving us toward a more inclusive and equitable future. Source social.wubits.io/wubits/home…
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Crypto critic/x-SEC official @johnreedstark says there should be an investigation into Bill Hinman. This is broader than Ripple - there could potentially be serious conflicts of interest by a gov official. An investigation will either put it to rest or hold folks accountable.
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Welcome to O̵f̵f̵i̵c̵e̵ After Hours with me! Let’s clear up this confusion about securities, investment contracts and digital assets.
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KWongK retweeted
I just made an international payment utilizing $XRP, and it was processed almost instantly with smallest fees. This is the future of finance! If you agree, please like and retweet this post. #GreenerCleanerFairer #XRP 🚀🌖
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I'm calling all XRP HODL around the world 🌎 Please retweet if you think Gary Gensler should be fired. 🔥 #FireGaryGensler @FinancialCmte @GOPMajorityWhip @PatrickMcHenry @WarrenDavidson
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Retweet if you think @bgarlinghouse should get an XRP tattoo to match his Ripple tattoo. (Please don't fire me, Brad.)
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The spam bots for Ripple XRP and Worldcoin are going crazy, @elonmusk please fix
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