Lawsuit Accuses Ripple CEO of Touting XRP While Silently Liquidating Holdings

Cointelegraph

Published Mar 27, 2020 04:54AM ET

Updated Mar 27, 2020 07:00AM ET

There is new movement in a class-action lawsuit originally filed in May 2018, centered around allegations that Ripple violated the Securities Act through a 2013 initial coin offering (ICO) of the XRP token.

On March 25, an amended complaint accuses Ripple CEO Brad Garlinghouse of touting the token to prospective investors while silently liquidating his holdings.

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