XRP News: Hacker Exploits Watcher Guru’s Account to Promote Fake SWIFT-XRP Partnership

In a recent incident, a hacker compromised Watcher Guru’s X account to spread false information about a partnership between SWIFT and XRP. Here’s what happened and its implications for the cryptocurrency community.

Watcher Guru X Account Hacked to Promote Fake SWIFT-XRP Partnership

Watcher Guru’s X account was hacked to promote a fake partnership between SWIFT and XRP. The hacker posted that billions of XRP were locked in escrow to support this partnership, which was quickly deleted but spread through Telegram, Discord, and Facebook via Watcher’s automated bot system. Watcher Guru confirmed they had flagged suspicious behavior two weeks earlier and contacted X’s cybersecurity team, but received no response. The attacker used a Telegram LINK mimicking the official X domain.

XRP Price Surges After SEC Drops Appeal, Solaxy L2 Project ICO Raises $28M

Yesterday, XRP’s price surged after news broke that the SEC officially dropped its appeal against Ripple, ending a years-long legal battle. The SEC’s legal battle against Ripple had been going on since December 2020, hampering XRP’s progress. Ripple’s CEO, Brad Garlinghouse, announced the news on Twitter, causing investors to react positively. XRP shot up 12% to $2.59, marking its highest price since March 7. Meanwhile, the new Layer-2 project Solaxy is growing rapidly, with its ICO fundraising passing the $27 million mark.

XRP Lawsuit Update: SEC Drops Appeal, Ripple’s Next Move Uncertain

Ripple CEO Brad Garlinghouse announced that the US Securities and Exchange Commission (SEC) will drop its appeal against the company in the XRP lawsuit. However, the lawsuit’s conclusion is uncertain as it hinges on Ripple’s decision to continue or withdraw its appeal. Lawyer Jeremy Hogan explained that if Ripple does not continue its appeal, the judgment stands as a $125 million penalty plus an injunction. Hogan outlined four potential scenarios for Ripple’s next steps.

XRP Whale Holdings Surge Amid Market Dip

XRP (XRP) has fallen 3.6% in the past 24 hours to $2.37, with the market remaining volatile since Wednesday’s FOMC meeting. Despite this weakness, on-chain data indicates that whales – deep-pocketed investors with millions of dollars at their disposal – have been buying XRP during the market’s dip. Data from Santiment shows that wallets holding between 1 million and 10 million XRP tokens have increased their total holdings by 3.8% in less than two months, resulting in these wallets currently holding around 10% of the token’s circulating supply.