{"id":574267,"date":"2024-02-09T18:00:49","date_gmt":"2024-02-09T18:00:49","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=574267"},"modified":"2024-02-09T15:03:29","modified_gmt":"2024-02-09T15:03:29","slug":"kraken-notifies-xrp-holders-of-potential-benefits-from-zakinov-case","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ripple\/kraken-notifies-xrp-holders-of-potential-benefits-from-zakinov-case\/","title":{"rendered":"Kraken Notifies XRP Holders Of Potential Benefits From Zakinov Case"},"content":{"rendered":"<p style=\"font-weight: 400\">Crypto exchange Kraken started notifying <a href=\"https:\/\/www.ktsl888.com\/analysis\/xrp\/pro-xrp-lawyer-sec-ripple\/\" target=\"_blank\" rel=\"noopener \">affected XRP holders<\/a> about the potential monetary benefits they could receive from the class action lawsuit against Ripple.<\/p>\n<p style=\"font-weight: 400\">The exchange recently emerged victorious in the Zakinov v. Ripple Case. The exchange successfully intervened to protect its customers\u2019 data from being shared without their consent.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/ripple-2\/ripple-initiates-large-xrp-transactions-post-legal-setback\/\" target=\"_blank\" rel=\"noopener \">Ripple Initiates Large XRP Transactions Post Legal Setback<\/a><\/div>\n<h2 style=\"font-weight: 400\">Kraken Begins The Notification Process<\/h2>\n<p style=\"font-weight: 400\">Kraken, one of the largest crypto exchanges in the world, intervened in the Zakinov v. Ripple lawsuit, seeking to protect its customer\u2019s privacy and data. The court ruling allowed Kraken to inform the affected users about the class action against Ripple, ultimately giving the customers the option to decide whether to participate in the lawsuit.<\/p>\n<p style=\"font-weight: 400\">Kraken has now begun to notify eligible customers about the potential monetary benefits from the Zakinov v. Ripple lawsuit. The notification is aimed at Kraken users who purchased XRP during the previously established period, as the email stated:<\/p>\n<blockquote>\n<p style=\"font-weight: 400\">Our records indicate that you have purchased XRP on Kraken between July 2, 2017 and June 30, 2023, which means that it might be within your rights to receive money or benefits that come from the lawsuit, depending on the outcome.<\/p>\n<\/blockquote>\n<p style=\"font-weight: 400\">Yassin Mobarak, Dizer Capital Founder, was among the recipients, and he shared part of the email on X (formerly known as Twitter), expressing his surprise about the notification and the possibility of earning a <a href=\"https:\/\/www.ktsl888.com\/analysis\/xrp\/xrp-bulls-looming-analyst-predicts-400x-with-historical-trend\/\" target=\"_blank\" rel=\"noopener \">profit from his XRP holdings<\/a> through the class action lawsuit.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I always thought I would make money from my <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XRP<\/a> holdings, but not like this \ud83d\ude02<\/p>\n<p>PS. <br \/>First I thought this was a scam email, but now I think it&#39;s real. <a href=\"https:\/\/t.co\/4jhLuUSqEt\" rel=\"nofollow\">pic.twitter.com\/4jhLuUSqEt<\/a><\/p>\n<p>&mdash; Yassin Mobarak (@Dizer_YM) <a href=\"https:\/\/twitter.com\/Dizer_YM\/status\/76617508?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">Mobarak expressed his initial disbelief in the email&#8217;s legitimacy, as recent phishing attacks exploited official email accounts of actors in the Web3 industry and exposed users to a massive and sophisticated phishing campaign.<\/p>\n<p style=\"font-weight: 400\">The legitimacy of the emails was <a href=\"https:\/\/x.com\/Xrpri16\/status\/77744794?s=20\" target=\"_blank\" rel=\"noopener nofollow\">doubted<\/a> by several Kraken customers who sought confirmation from the exchange\u2019s official X account. Kraken\u2019s support team confirmed the email as safe and authorized by the exchange.<\/p>\n<h2 style=\"font-weight: 400\">Next Steps For XRP Holders<\/h2>\n<p style=\"font-weight: 400\">Following the notification, Kraken has updated its support page to provide customers with further details about the class action lawsuit.<\/p>\n<p style=\"font-weight: 400\">The exchange addressed doubts such as who the affected parties are, clarifying that it \u201conly applies to class members who purchased XRP within the United States during the relevant class period\u201d and offering further information about the lawsuit:<\/p>\n<blockquote>\n<p style=\"font-weight: 400\">The lawsuit also claims that persons or entities who purchased XRP during the class period (July 3, 2017, to June 30, 2023) have the right to recover (a) the consideration paid for the XRP, with interest, if they retained the XRP, less the current price of the XRP or upon tendering the XRP, or (b) damages if they sold the XRP at a loss.<\/p>\n<\/blockquote>\n<p style=\"font-weight: 400\">Lastly, the exchange presented two options for the affected customers: do nothing or ask for an exclusion from the lawsuit.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As mentioned in the email you received, you have the option to either do nothing or exclude yourself. For more details, please visit the support article linked below. <\/p>\n<p>\ud83d\udc49 <a href=\"https:\/\/t.co\/qGViqcahTw\" rel=\"nofollow\">https:\/\/t.co\/qGViqcahTw<\/a><\/p>\n<p>Best,<br \/>Kraken Support \ud83d\udc19<\/p>\n<p>&mdash; Kraken Support (@krakensupport) <a href=\"https:\/\/twitter.com\/krakensupport\/status\/44365774?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 8, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">If the customer decides to do nothing, they will keep the possibility of getting the money or benefits from the lawsuit\u2019s resolution. However, they automatically give up on any rights to sue Ripple separately in the future.<\/p>\n<p style=\"font-weight: 400\">If they decide to be excluded from the class action and the potential benefits, <a href=\"https:\/\/www.ktsl888.com\/xrp-news\/ex-ripple-director-big-xrp-news\/\" target=\"_blank\" rel=\"noopener \">XRP holders<\/a> maintain the right to sue the defendant and must send a signed \u201cExclusion Request\u201d statement by April 5<sup>, <\/sup>2024.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/xrp-news\/exploit-causes-xrp-price-crash-ripple-co-founder-discloses-losses-of-113-million\/\" target=\"_blank\" rel=\"noopener \">Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-574283 aligncenter\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/02\/XRPUSDT_2024-02-09_09-05-39.png?resize=1024%2C505\" alt=\"XRP, XRPUSDT, Ripple, Kraken\" width=\"1024\" height=\"505\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/02\/XRPUSDT_2024-02-09_09-05-39.png?w=1084 1084w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/02\/XRPUSDT_2024-02-09_09-05-39.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/02\/XRPUSDT_2024-02-09_09-05-39.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/02\/XRPUSDT_2024-02-09_09-05-39.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/02\/XRPUSDT_2024-02-09_09-05-39.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"font-weight: 400;text-align: center\">XRP is trading at $0.52325 in the hourly chart. Source: XRPUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/67tOEYYo\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange Kraken started notifying affected XRP holders about the potential monetary benefits they could receive from the class action lawsuit against Ripple. The exchange recently emerged victorious in the Zakinov v. Ripple Case. The exchange successfully intervened to protect its customers\u2019 data from being shared without their consent. Related Reading: Ripple Initiates Large XRP Transactions Post Legal Setback Kraken Begins The Notification Process Kraken, one of the largest crypto exchanges in the world, intervened in the Zakinov v. Ripple lawsuit, seeking to protect its customer\u2019s privacy and data. The court ruling allowed Kraken to inform the affected users about the class action against Ripple, ultimately giving the customers the option to decide whether to participate in the lawsuit. Kraken has now begun to notify eligible customers about the potential monetary benefits from the Zakinov v. Ripple lawsuit. The notification is aimed at Kraken users who purchased XRP during the previously established period, as the email stated: Our records indicate that you have purchased XRP on Kraken between July 2, 2017 and June 30, 2023, which means that it might be within your rights to receive money or benefits that come from the lawsuit, depending on the outcome. Yassin Mobarak, Dizer Capital Founder, was among the recipients, and he shared part of the email on X (formerly known as Twitter), expressing his surprise about the notification and the possibility of earning a profit from his XRP holdings through the class action lawsuit. I always thought I would make money from my $XRP holdings, but not like this \ud83d\ude02 PS. First I thought this was a scam email, but now I think it&#39;s real. pic.twitter.com\/4jhLuUSqEt &mdash; Yassin Mobarak (@Dizer_YM) February 9, 2024 Mobarak expressed his initial disbelief in the email&#8217;s legitimacy, as recent phishing attacks exploited official email accounts of actors in the Web3 industry and exposed users to a massive and sophisticated phishing campaign. The legitimacy of the emails was doubted by several Kraken customers who sought confirmation from the exchange\u2019s official X account. Kraken\u2019s support team confirmed the email as safe and authorized by the exchange. Next Steps For XRP Holders Following the notification, Kraken has updated its support page to provide customers with further details about the class action lawsuit. The exchange addressed doubts such as who the affected parties are, clarifying that it \u201conly applies to class members who purchased XRP within the United States during the relevant class period\u201d and offering further information about the lawsuit: The lawsuit also claims that persons or entities who purchased XRP during the class period (July 3, 2017, to June 30, 2023) have the right to recover (a) the consideration paid for the XRP, with interest, if they retained the XRP, less the current price of the XRP or upon tendering the XRP, or (b) damages if they sold the XRP at a loss. Lastly, the exchange presented two options for the affected customers: do nothing or ask for an exclusion from the lawsuit. As mentioned in the email you received, you have the option to either do nothing or exclude yourself. For more details, please visit the support article linked below. \ud83d\udc49 https:\/\/t.co\/qGViqcahTw Best,Kraken Support \ud83d\udc19 &mdash; Kraken Support (@krakensupport) February 8, 2024 If the customer decides to do nothing, they will keep the possibility of getting the money or benefits from the lawsuit\u2019s resolution. However, they automatically give up on any rights to sue Ripple separately in the future. If they decide to be excluded from the class action and the potential benefits, XRP holders maintain the right to sue the defendant and must send a signed \u201cExclusion Request\u201d statement by April 5, 2024. Related Reading: Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million XRP is trading at $0.52325 in the hourly chart. Source: XRPUSDT on TradingView.com Featured image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":574268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[2676,87600,3680,88207,4531,78763],"class_list":["post-574267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-kraken","tag-kraken-crypto-exchange","tag-ripple","tag-ripple-lawsuit","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Kraken Notifies XRP Holders Of Benefits From Zakinov Case<\/title>\n<meta name=\"description\" content=\"Kraken notified the XRP holders on its platform about the Zakinov v. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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