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100 Mln XRP Transfer Made to Unknown Wallet with Same Amount Sent Away From It Later, Keeping 145 Mln XRP on Balance

  • Yuri Molchan
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    Whale Alert has noticed a staggering amount of XRP sent to an unknown wallet; it was later on sent away but balance of 145 mln XRP still remains

100 Mln XRP Transfer Made to Unknown Wallet with Same Amount Sent Away From It Later, Keeping 145 Mln XRP on Balance

A short while ago, the Whale Alert account on Twitter notified users that two wallets sent 40 mln and 60 mln XRP to another crypto wallet. All the three owners of the wallets are marked as unknown.

Later on, the crypto vault that received these two gargantuan transfers sent away 100 mln XRP - that is $25,945,725 - to another unknown wallet.

However, there is still 145 mln XRP on its balance.

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Ripple May Bless New MoneyGram and Visa’s P2P Debit Card to Use XRP: Unconfirmed

Community’s reaction

The community in the comment threads are as usual accusing Ripple of dumping XRP, saying that there has been to many XRP printed.

Others mention the recent Ripple’s XRP transfer to its former top employee Jed McCaleb, now a Stellar co-founder, wondering if now McCaleb has an unknown wallet.

Overall, the commentators remain negative about the future of the XRP price with such a huge amount of XRP circulating in the market.

Cover image via www.123rf.com
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Crypto Crime: 21-Year-Old Australian Woman Faces 53 Charges for Laundering Stolen Funds with Cryptocurrency

  • Alex Dovbnya
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    Jasmine Vella-Arpaci, who was part of the major identity fraud ring, faces up to 53 charges after stealing millions of dollars

Crypto Crime: 21-Year-Old Australian Woman Faces 53 Charges for Laundering Stolen Funds with Cryptocurrency
Contents

On Sept. 17, Jasmine Vella-Arpaci, a 21-year-old woman from Australia, made her first court appearance after being accused of shipping millions of dollars with the help of crypto. The young mother has been charged with 53 counts of fraud and theft.

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"Crypto Wizard" Arrested for Taking Part in $16 Mln Cryptocurrency Scam

A multi-million identity fraud

According to the Australian Securities and Investments Commission (ASIC),.the group of criminals, whose members referred to themselves as “Team Awesome,” would purchase stolen sensitive information on the dark web to open fake bank accounts in Australia. The funds were stolen from superannuation accounts and share-trading accounts of the gang’s unsuspecting victims.

The money was then transferred money to their accomplice in Hong Kong to trade expensive jewelry before sending it back home via cryptocurrencies.

Cybersecurity threats such as data breaches and financial system attacks are a major concern for ASIC and we will continue to pursue not only cyber-related market and superannuation offending but also the need for institutions to maintain their obligations to ensure they have adequate cyber resilience, says ASIC deputy chair Daniel Crennan

The investigation into the major crime syndicate continues with further arrests expected.

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Canadian Police Shed Light on New Bitcoin ATM Scam

Crypto scams on the rise

As reported by U.Today, cryptocurrencies scams have grown by more than 200 percent in Australia in 2018 with victims losing about $6.1 mln.

In 2019, this number could be easily topped. Back in July, an elderly couple lost a whopping 900,000 to an elaborate crypto scam, thus wasting all their retirement savings.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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