Posted 1/14/2024, 11:00:10 PM
Bitfinex Handles Large XRP Transaction Amid Speculation Around Supply and Potential ETF
- Speculation sparked about a large XRP transaction representing nearly 50% of supply being sent to Bitfinex exchange
- Bitfinex CTO said the “Partial Payments Exploit” attack attempt failed; the exchange properly handles transactions
- The situation raised concerns around one wallet holding significant control over XRP liquidity and supply
- There is rumor and speculation around potential XRP exchange-traded fund (ETF) products seeking approval
- This isn't the first false news around XRP, as fake ETF filing news previously spiked prices 10%