Ripple launched a new portal designed to protect itself from scam. Enable cryptocurrency investors to report malicious activities related to XRP.
People can now fill out a request form in which Ripple needs to learn a long list of unusual activities. This list includes theft, phishing attempts, fraud. Also suspicious exchanges, money laundering, unauthorized transactions and other financial crimes.
Ripple says that although the company will investigate XRP related issues, it will not be able to cancel the transaction.
“Ledger itself and XRP Ledger users are not Ripple customers, so Ripple is not able to cancel transactions. This is not possible even in the case of confirmed financial crimes (for example, theft). ”
When sending a request to Ripple, the company declares that consumers actually agree that the company has the right to report this to the judicial or legislative authorities of the United States at the federal, state or local level.
Ripple may also report a problem to international law enforcement or regulatory authorities.