What began as a suspicion of dishonest ended with an arrest for XRP/USD theft. Nancy Jones, widow of nation icon George Jones, says her longtime associate, Kirk West, stole greater than $17 million in XRP from her Tennessee residence.
Dang, you by no means wish to see that occur to your XRP. RIP.
Reportedly, with doubts about West’s loyalty rising, Jones requested her granddaughter to verify on her cash, solely to seek out {that a} Ledger pockets and $400,000 in money had been gone. That pockets held over 5.5 million XRP tokens.
West was picked up by police at Nashville Worldwide Airport on July 24, simply as Franklin police opened their investigation.
XRP/USD: Tried Extortion and Partial Restoration
Court docket paperwork allege that West later contacted Jones and provided to return solely a portion of the stolen funds.
“He mentioned he would wire me $5 million and that was all I used to be going to get,” Jones recounted, per the legal affidavit.
Though Jones was in a position to get well roughly 5 million XRP, she nonetheless suffered a lack of over 483,000 tokens. West now faces prices of felony theft over $250,000, and his bond is about at $1 million.
Dude in Nashville stole 5.5M XRP from a rustic music widow. Claimed he was a crypto knowledgeable. RIP to belief
— CryptoSangeet (@CryptoSangeet) July 29, 2025
The theft provides a layer of drama to what’s already been a busy week for Ripple Labs. On July 25, Ripple printed a brand new report exploring how stablecoins are shaping world fee infrastructure. The corporate highlighted how stablecoins have gotten more and more necessary in areas with unstable native currencies and restricted USD entry.
“Stablecoins like USDC, USDT, RLUSD, and newer region-specific tokens are being built-in into wallets and fee platforms worldwide,” Ripple wrote.
Conventional Finance Embraces XRP Stablecoin Tech
The stablecoin invasion by legacy finance is effectively underway.
Visa has now processed greater than $225 million in stablecoin funds.
Mastercard is pushing out stablecoin-linked debit playing cards.
Worldpay is increasing stablecoin payouts throughout each the U.S. and Europe.
And XRP appears to be one of many cash on the heart of this revolution, so be certain to maintain these cash protected!
“From blockchain-based networks to cell cash aggregators, the monetary providers ecosystem is evolving quick… Stablecoins and fintech innovators are remodeling world transactions.” -Ripple Basis
EXPLORE: XRP Worth Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
DISCOVER: Finest Meme Coin ICOs to Put money into 2025
Be a part of The 99Bitcoins Information Discord Right here For The Newest Market Updates
Key Takeaways
What began as a suspicion of dishonest ended with an arrest for XRP/USD theft.
“Stablecoins like USDC, USDT, RLUSD, and newer region-specific tokens are being built-in into wallets and fee platforms worldwide,” Ripple wrote.
The publish $17M XRP/USD Heist: Widow of Nation Legend George Jones Victimized in Crypto Theft appeared first on 99Bitcoins.
