Ripple To Face Trouble From XRP Holders in Court? Attorney Hints

Also Read: Bitcoin Bull Run Imminent? Hong Kong Central Bank Issues Crypto Advisory For Banks

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Ripple To Face Legal Threat From XRP Holders

The latest hearing in the Zakinov v. Ripple Labs reportedly took place on April 26, 2023. However, around 500 members of the public were allowed to attend the hearing online. The court hearing was for the oral arguments on the request of certifying the class of XRP holders going against Ripple.

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Bradley Sostak, an XRP holder for just two weeks asked the court to let him be the lead plaintiff in the class lawsuit actions. However, he wants to act for all the XRP holders involving investors who either owned it or sold it at a loss.

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In the latest argument, a lawyer representing Zakinov, Nick Spear stated that around 75K XRP holders are supposedly “fake” and claimed that they are irrelevant.

Also Read: 280 Mln XRP On The Move; Whales Await XRP Price Surge

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