Roughly $400 million of Ripple tokens tied to illegal activity

Roughly $400 million of Ripple tokens tied to illegal activity

About $400 million of XRP tokens, the currency for the Ripple payment network, is tied to illegal transactions, according to findings released on Wednesday by London-based Elliptic, a provider of risk management systems for the cryptocurrency industry. XRP, a token used for payments and settlement, currently has a market capitalization of about $10.98 billion, based on numbers from coinmarketcap.com.