Diagnosis of $400M in illicit XRP exercise shows it’s mostly theft and Ponzi schemes

Diagnosis of $400M in illicit XRP exercise shows it’s mostly theft and Ponzi schemes

Cryptocurrency analysts have identified $400 million worth of illicit Ripple XRP (XRP) transactions – mainly Ponzi schemes and exchange thefts. The illicit XRP activity detected by London-based firm Elliptic amount to less than 0.2 percent of all XRP payments processed to date, which is less than other cryptocurrencies like Bitcoin.