XRP Going to 0?? | This Week in Crypto – Dec 28, 2020


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Ripple was given a massive blow by the Securities and Exchange Commission, which has filed charges against the company for selling unregistered tokens. The price of XRP crashed following the news, while the CEO of Ripple has sworn to fight the accusations. Major exchanges, most notably Bitstamp, have already announced they will halt trading for XRP in January.

Someone has posted the complete lists of 1 million email addresses and 272,000 names, addresses and phone numbers of Ledger customers to the darkweb. The list is a lot bigger than the number previously disclosed by the hardware manufacturer.  Hackers are already taking advantage of the situation through phishing attempts and even physical threats. Tokens are most likely not in danger, but Ledger users should be on guard against possible attacks.

Major cryptocurrency exchange Exmo lost 5% of its total assets due to a hacking attack. The UK-based company now estimates total losses of more than $10 million in various digital assets that were withdrawn from its hot wallets. Exmo executives allege that as much as $4 million of totally stolen assets cannot be recovered due to criminals withdrawing the funds through Poloniex.

Institutional activity within the crypto space continues as SkyBridge Capital hedge fund has invested approximately $25 million into Bitcoin. The firm, which is worth just under $10 billion, has filed paperwork with the Securities and Exchange Commission (SEC) to start a new bitcoin fund.

That’s what’s happened this week in crypto. See you next week.

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