By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

BTCRepublic: Timely News & Analysis for Smarter Trading.

  • ABOUT
  • DISCLAIMER
  • CONTACT
New Logo Black BTCRepublic BTCRebpublic-New White Logo
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
    Price PredictionsShow More
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    August 4, 2025
    Ethereum Price Prediction 2024, 2025
    Ethereum Price Prediction 2024, 2025: What to Expect for ETH by 2030
    November 12, 2024
    Bitcoin Price Rises To $78k
    Bitcoin Price Rises To $78k After China Announced Stimulus Packages
    September 24, 2024
    Ethereum (ETH) Surged 15%
    Ethereum (ETH) Surged 15% In 7 Days Despite Whale Selloff
    October 29, 2024
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
    October 29, 2024
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Ripple Co-founder Moves $175M In XRP In A Week Amid Scam Surge Warnings
Share
  • bitcoinBitcoin(BTC)$125,237.92
  • ethereumEthereum(ETH)$4,696.52
  • rippleXRP(XRP)$3.04
  • binancecoinBNB(BNB)$1,220.88
  • tetherTether(USDT)$1.00
  • solanaSolana(SOL)$236.30
  • usd-coinUSDC(USDC)$1.00
  • staked-etherLido Staked Ether(STETH)$4,687.11
  • dogecoinDogecoin(DOGE)$0.267529
  • cardanoCardano(ADA)$0.88
Font ResizerAa
BTCRepublicBTCRepublic
  • Guides
  • News
  • Reviews
  • Price Predictions
Search
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
Follow US
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
© 2025 All Rights Reserved by BTCRepublic.

Home - Altcoins News - Ripple Co-founder Moves $175M In XRP In A Week Amid Scam Surge Warnings

Altcoins NewsNews

Ripple Co-founder Moves $175M In XRP In A Week Amid Scam Surge Warnings

On-chain data has revealed that Ripple co-founder and executive chairman Chris Larsen transferred $175 million worth of XRP across multiple wallets in the past week.

Oladapo Timothy
Last updated: August 4, 2025 7:25 am
Oladapo Timothy
Published: August 4, 2025
Share
Disclosure: BTCRepublic provides analysis and forecasts but does not offer investment advice. Our content is for informational purposes only. Please conduct your own thorough research and consult with a financial advisor before making any investment in cryptocurrency.
Ripple Co-founder Moves $175M In XRP In A Week Amid Scam Surge Warnings

On-chain data has revealed that Ripple co-founder and executive chairman Chris Larsen transferred $175 million worth of XRP across multiple wallets in the past week.

Contents
  • Ripple XRP Transfers
  • Scam warnings

The asset movements, first flagged by on-chain investigator ZachXBT, took place between July 17 and July 23.

btcrepublic advertise

Since July 17, 2025 an address linked to Ripple co-founder Chris Larsen transferred out 50M XRP ($175M) to four addresses.

~$140M ended up at exchanges/services

30M XRP recipient
rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98
rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi
10M XRP recipient…

— ZachXBT (@zachxbt) July 24, 2025

Ripple XRP Transfers

According to blockchain data, Larsen sent 50 million XRP, valued at around $175 million, to four separate addresses. Two of these addresses, receiving 30 million and 10 million XRP respectively, were later linked to crypto exchanges or third-party services.

The remaining 10 million XRP was split evenly between two new wallets, each receiving 5 million XRP.

Despite these outflows, wallets tied to Larsen still hold over 2.81 billion XRP, which translates to more than $8.4 billion at current market prices.

XRP, the token underpinning Ripple’s cross-border payments network, recently surged near its all-time high of $3.40 before retracing by over 12% in the last 24 hours, in line with broader market correction trends.

Scam warnings

The timing of Larsen’s transfers coincides with a surge in XRP-related scams, prompting Ripple executives to issue renewed warnings.

btcrepublic advertise 2

On July 23, Ripple CEO Brad Garlinghouse took to X to caution the community about impersonators leveraging YouTube to promote fake giveaways and phishing campaigns.

According to him:

“Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community — PLEASE BEWARE of the latest scam targeting the XRP family.”

While Garlinghouse didn’t reveal specifics, previous incidents have involved deepfake videos and fraudulent airdrops claiming to be from Ripple. Victims are often lured to fake websites that ask for wallet credentials, ultimately leading to asset theft.

Considering this, Ripple’s official X account stated:

“Ripple or our execs will NEVER ask you to send us XRP…Stay Vigilant.”

The warnings come as XRP activity rises, making the network a prime target for fraud during periods of heightened market attention.

Hong Kong Bitcoin ETFs Assets Under Management Have Hit HK$2 Billion
Telegram Bot Banana Gun Promises To Reimburse 11 Victims After A $3M Hack
Fiserv Teams With PayPal and Circle To Launch Own Stablecoin, FIUSD
Bitcoin Plunges To $61K As Mt.Gox Repayments Begin In July
Russia’s Bitcoin Mining Surge: 54,000 BTC in 2023!
TAGGED:Chris LarsenRippleScamXRP

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Print
ByOladapo Timothy
Follow:
An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
Previous Article SEC Reverses Bitwise Multi-Crypto ETF Approval in Surprise Move SEC Reverses Bitwise Multi-Crypto ETF Approval in Surprise Move
Next Article FTX Launches New Fund Distribution After $1.9 Billion Reserve Release FTX Launches New Fund Distribution After $1.9 Billion Reserve Release
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular
The Hottest Picks
News
Crypto Miner TeraWulf Raises $3 Billion To Expand Data Centres
September 29, 2025
Crypto InvestmentNews
BTCRepublic Market Pulse For This Week
September 27, 2025
Memecoin NewsNews
Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Reach 1 Dollar?
September 27, 2025
Blockchain NewsNews
Are Layer-3 Networks The Missing Link In Blockchain Infrastructure?
September 26, 2025
- Advertisement -
Ad imageAd image

Follow Us on Socials

BTCRepublic use social media to react to hot news, update supporters and share authentic and factful information

Facebook Twitter Linkedin Telegram Pinterest
Footer Text white background

Subscribe to our newsletter

Stay ahead of the curve with the BTCRepublic newsletter. By subscribing, you will get information about what is happening in the Web3 world straight to your inbox.

More

  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Ripple Co-founder Moves $175M In XRP In A Week Amid Scam Surge Warnings
Share
© 2025 All Rights Reserved by BTCRepublic