According to data shared by the popular tracking service Whale Alert, over the past 20 hours, blockchain decacorn Ripple and two major exchanges Bitfinex and Coinbase have transferred a whopping 99.2 million XRP. Whale Alert has noticed two major crypto transactions, carrying 30 million and 69.2 million XRP. The first one was performed by the Ripple behemoth, while the second was used by Bitfinex to move nearly 70 million XRP to the U.S.-based Coinbase. Ripple has moved 30 million coins between its wallets, which is likely to be funding for its operational expenses.

According to court documents, Ripple has put forward a group of twenty-one lawyers to defend the company and its former and current CEOs. Four of them will be working with Brad Garlinghouse and another four will represent Chris Larsen, cofounder and former CEO. The rest of the legal team will be representing Ripple itself. Ripple and two of its highest-ranking executives have been accused by the SEC of trading unregistered securities (XRP) to investors over the past seven years and making over a $1 billion on those sales. The regulator filed a legal action against the company and executives. The aforementioned Coinbase exchange has also been sued by the regulator for allowing illegal XRP sales and charging trading commission fees on them. Jay Clayton, the SEC chairman who initiated the lawsuit against Ripple on Dec. 21, resigned from his position later the same week.