The post Ripple’s $11.4M Claim Against FTX: A Glimpse into Crypto’s Complex Ties appeared first on Coinpedia Fintech News
The unexpected emergence of Ripple Labs, specifically its Singapore subsidiary, in documents related to FTX’s debt claims has sparked considerable interest. This revelation, brought to public attention by a prominent Ripple/XRP community member known as @WKahneman, disclosed that Ripple’s Singapore arm is claiming a substantial $11.4 million from FTX. This adds an exciting twist to Ripple’s involvement in the financial landscape, especially concerning its connection to a prominent crypto exchange’s debt proceedings.
#Ripple has a claim on FTX assets. What’s interesting is Ripple Singapore is making the claim (against Alameda assets.) FTX: Bahamas, Alameda:HK, and Ripple:Singapore. Does this suggest how wallets are operated? Shows the damage Gensler has done. Also, Shaq pic.twitter.com/zLYFSWeXCc
— WrathofKahneman (@WKahneman) December 23, 2023
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