Coin Edition -
- Kraken wins court battle to protect user transaction data in an XRP lawsuit.
- The legal dispute involves Ripple Labs and plaintiff Vladi Zakinov.
- It pertains to whether XRP should be designated as a security or a currency.
U.S.-based exchange Kraken has triumphed in its quest to safeguard the personal data of its users amid the XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. On-chain investigator “Mr. Huber” took to X to laud Kraken’s stance, highlighting the exchange’s proactive efforts to shield its customers’ identities.
Last month, Kraken filed a plea in response to a court directive requiring all U.S.-based crypto exchanges to furnish private trading data about their XRP clientele. In addition to trading data, the court-mandated the disclosure of customer identities associated with XRP transactions conducted between July 3, 2017, and June 30, 2023.
In a recent post on X, Mr. Huber brought to notice that the U.S. court has ruled in favor of Kraken’s request, denying the direct transfer of customer data. He argued that Kraken was the only exchange to stand up for protecting users’ personal data.
KUDOS! @krakenfx was the only exchange to stand up for the protection of their clients' identity and personal data in the Zakinov case. The court granted their request not to transfer their customers' personal data directly to the Ethereum lawyer, but to contact them themselves… pic.twitter.com/8AjsXmLdXV— Mr. Huber