Here Is Why XRP Holders Have Sued Apple For Negligence And Fraud

The holders of XRP went aggressive, proving another time that the status of the organization is not that higher in the eyes of its community. As per a Class-Action-Complaint submitted on 16th September, various XRP investors alleged Apple (a tech giant) of permitting criminals to take away the information along with the assets thereof. The filing was submitted by a professional of IT and cyber security named Hadona Diep on behalf of many other holders of XRP being entangled in a similar situation under the Maryland state’s court. The accuser pursued recompense for damages mentioned under the state and federal laws of the U.S., according to the document produced by Court-House-News.

The accusation of XRP holders

The holders alleged that the firm “Apple” has supposedly violated the law via providing authorization to a suspected application which was made available to be downloaded from the “App Store.” Additionally, the accusers also leveled the charge on the firm of being in-knowledge with the illicit operations facilitated by the respective app and even then kept it working without informing the consumers that their financial data had been under threat.

The app under argument was named “Toast Plus” and was seemingly utilized by criminals for the fulfillment of their illegal motives, being a part of a large phishing scam. The logo and name of the application were specially designed to replicate the well-known Toast Wallet to confuse the customers for stealing the funds thereof.

The holders of XRP utilized the App Store’s description given by the company as a portion of the class action thereof. The company has described its applications provider’s characteristics over the last ten years as being secure as well as a trusted platform for exploring or/and downloading applications. The addition made into it is that the store would expose the users to amazing experiences being highly focused on content, security, and privacy.

The amount to be recompensed to the holders of XRP

Hadona Diep stated that she downloaded the Toast application on her iPhone in March last year. She deposited approximately 474 XRP in the app’s wallet and, as she intended to hold those assets, she didn’t keep on checking them. It was revealed to her in August 2021 that her Toast Plus account had been removed on 2021’s 3rd March, and since then, her funds were being stolen. For this, and many other cases of the XRP holders, they are seeking more across $10,000 (in some incidents $100 for each day of violation) to meet the damage posed by the company, along with other compensation.