Legal Action To Retrieve XRP

[Hakan]

My situation is this.

 

Back in 2014 I bought xrp and like a dumbarse left them on an exchange and didn't move them assets into my possession.

Not the exactly my best move...

Since then the exchange has been acquired by a business in Hong Kong and their customer service tell me the new exchange did not acquire any assets or liabilities of the previous exchange.

I have the transaction hash which proves I sent the assets to their exchange after purchasing the xrp so my wallet is still loaded with my xrp.

It seems strange to me a business would be acquired without existing assets so I am wondering if this is deal you would be interested in perusing?

- Hakan  

[Guest]

5 hours ago, Hakan said:

customer service tell me the new exchange did not acquire any assets or liabilities of the previous exchange.

Some non-lawyer suggestions for you to pass on to your lawyers:—

The company is using sophistry, so you could try playing the same game. What happens if you ask them about “business data”, rather than “assets or liabilities”? The secret keys to the previous exchange's ripple addresses are data (strings of around 29 letters/digits beginning with “s”, if you want to be precise!), so you want to find out if they confirm or deny that this particular data  was transferred from the old business to the new business.

If they claim that their acquisition did not involved the transfer of any assets, liabilities or data, then they make themselves look ridiculous. If the secret keys were transferred to them, then they [perhaps unwittingly] acquired both the predecessor's debt to you and the means to settle it without incurring unexpected costs.

You know your transaction hash, so you know their public address and you can watch it using a block-explorer or a view-only wallet. You will find out:

• The current balance of their address
• The current balance of any other address that has received XRPs or IOUs from their address
• The dates and sizes of any movements in/out of their address (before & after the company takeover).

[manateehunter]

18 hours ago, Hakan said:

My situation is this.

 

Back in 2014 I bought xrp and like a dumbarse left them on an exchange and didn't move them assets into my possession.

Not the exactly my best move...

Since then the exchange has been acquired by a business in Hong Kong and their customer service tell me the new exchange did not acquire any assets or liabilities of the previous exchange.

I have the transaction hash which proves I sent the assets to their exchange after purchasing the xrp so my wallet is still loaded with my xrp.

It seems strange to me a business would be acquired without existing assets so I am wondering if this is deal you would be interested in perusing?

- Hakan  

If it's a significant amount I would monitor the wallet for transactions, if zerps move - they have access, otherwise it's plausible that they don't.

Being HK though, chances of you winning or even getting into court over this are slim IMO. Worth a try but may not be worth litigating professionally, depending on the amount in there. Judging from previous rulings you're more likely to get a USD (or whichever currency you made the purchase in) value of the order, but not the current value.

Edited April 14, 2018 by manateehunter