Regulation· ★★★· neutral·

Ripple as Evernorth investor: did it share XRP bug details before merger?

  • —Ripple Labs is named a merger party and XRP investor in Evernorth's Oct. 9 Form 8-K
  • —RippleX rated the Sept. 22 XRPL bug as critical; it was patched on Sept. 25
  • —Armada SPAC shareholders approved the Evernorth merger on Sept. 30
  • —The bug was disclosed publicly only on Oct. 9, the same day Evernorth listed
Why it matters: If Evernorth executives knew about the critical bug before the vote, the company could face SEC disclosure scrutiny and fresh risks to the deal.
#XRP
Source: Blockmedia
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