Regulation· ★★★★· neutral·

Evernorth's Nasdaq listing delay coincides with secret XRPL unauthorized-mint patch

  • —XRPL unauthorized-mint vulnerability reported Sept. 22, emergency patch released Sept. 25
  • —Bug details and fix code disclosed only on Oct. 9, two weeks later
  • —Evernorth moved its Nasdaq debut from Oct. 8 to Oct. 12; SPAC merger completion shifted from Oct. 7 to Oct. 9
  • —Ripple Labs is a counterparty to the Evernorth merger and an XRP contributor, per SEC filings
Why it matters: The timing of when merger parties learned of the XRPL flaw could become a fresh legal risk for Evernorth's listing and Ripple's reputation.
#XRP
Source: Blockmedia
More on this
Regulation · 10:37
Evernorth's August prospectus flagged XRPL source code defect risks
 Regulation · Oct 8
EU Regulator Gives Crypto Platforms Three Months to Delist Unauthorized Stablecoins
 Regulation · Sep 22
FCA Files High Court Proceedings Against Hunter Jones Over Unauthorized Activity