🚨 XRP CREATOR SUED? The $30 Million Legal Shockwave!
1. Rumors about a $30M lawsuit
Some crypto community posts and speculative social content are circulating claims that a “prominent figure in the XRP space” is being hit with a $30 million lawsuit — these aren’t verified major news reports from reputable outlets yet. �
Binance
2. Ripple vs. SEC case finally ended
The big legal fight was between the U.S. SEC and Ripple Labs (the company behind XRP) — not a “creator lawsuit.” That lawsuit began in 2020, accusing Ripple of selling XRP as an unregistered security. �
KVIA
Over the past year this case has essentially been resolved:
The SEC and Ripple agreed to drop their appeals, ending the multi-year battle with mutual dismissal. �
Cointelegraph
Earlier developments had Ripple pay a reduced penalty and the core judge’s decisions (like XRP not being a security in many contexts) stayed in place. �
CoinCentral
This major case, which historically included executives like Ripple’s co-founder Chris Larsen and CEO Brad Garlinghouse as defendants, is no longer active. �
Cointelegraph
📌 Important distinction
Ripple Labs (the company behind XRP) was sued by the SEC — that did include Ripple’s executives as defendants at different points. �
KVIA
But there is no confirmed current lawsuit where someone just announced that “the creator of XRP has been sued” for $30 million in a major court of law. Most of that appears to come from unverified or social speculation. �
Binance
🧠 So what’s real?
The major, widely-reported legal saga involving XRP — the SEC vs. Ripple lawsuit — has been winding down and is generally considered over after both sides dropped appeals and legal action. �
Cointelegraph
Rumors of a new lawsuit against a specific XRP founder or community figure have not shown up in major verified news outlets yet.