Kraken Notifying XRP Holders About Class Action Lawsuit
Kraken, a major cryptocurrency exchange, is informing its users who purchased XRP about the potential monetary benefits they could receive from the ongoing class action lawsuit against Ripple. The exchange successfully intervened in the Zakinov v. Ripple case to protect its customers’ data and privacy. Now, Kraken has started the notification process, reaching out to eligible customers who bought XRP during a specific period. The email sent by Kraken states that these users may be entitled to money or benefits depending on the outcome of the lawsuit. Recipients of the email, including Yassin Mobarak, founder of Dizer Capital, expressed surprise and excitement about the possibility of earning a profit from their XRP holdings through this legal action.
Exclusion Request Deadline Approaching
To participate in the class action lawsuit against Ripple, XRP holders must send a signed “Exclusion Request” statement by April 5, 2024. This statement indicates that they want to maintain their right to sue the defendant individually rather than being part of the class action. Kraken’s notification serves as a reminder for affected users to take action if they wish to pursue their own legal claims against Ripple.
Hot Take: XRP Holders Potentially Benefiting from Class Action Lawsuit
Crypto exchange Kraken is notifying its customers who bought XRP about the potential financial rewards they could receive from the ongoing class action lawsuit against Ripple. By intervening in the Zakinov v. Ripple case, Kraken protected its users’ privacy and data. Now, eligible customers are being informed about their rights and options regarding the lawsuit. This development has surprised many XRP holders who never expected to profit from their holdings in this manner. As the deadline for submitting an Exclusion Request approaches, affected users must decide whether to join the class action or pursue their own legal claims against Ripple.
By
By
By
By
By