SEC Caught Chris Larsen Moving His XRPs Despite the Lawsuit
The SEC’s request on Ripple’s executives’ bank transactions is claimed not to concern their personal expenses like buying groceries as Ripple accused them. In their letter to Judge Sarah Netburn they noticed that they have evidence of moving the XRPs by Chris Larsen despite the legal action.
John Tenreiro, the SEC’s senior trial attorney, considers the financial conditions of the defendants an important information for the case. Their bank records will deanonymize their XRP transactions to make the picture clear.
Tenreiro stresses that the only thing they are interested in is solely XRP movements and how they affect the defendants’ income. The lawsuit says that they netted millions of dollars fro their XRP sales and could have pocketed even more due to the pseudonymous transactions.