Several exchanges suspended all XRP trading with 72 hours notice.

Survives

Case description

The SEC brought enforcement action against Ripple in November 2020 (charges formally filed in December), triggering a wave of US exchange delistings of XRP and compliance reviews of related accounts. Customers who had exchanged BTC for XRP on US exchanges found their XRP positions locked pending exchange legal review. Several exchanges suspended all XRP trading with 72 hours notice.

Custody context

Stress condition	Vendor lockout
Custody system	Exchange custody
Outcome	Survives
Documentation	Unknown
Year observed	2020
Country	United States

Structural dependencies observed

Legal process requiredInstitutional cooperation required

Outcome interpretation

Access remained possible under the reported conditions.

Source

Publicly Reported

Evidence type

News article

Evidence link

https://masterthecrypto.com/bitcoin-scams/

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Framework references

Where Bitcoin Custody Intersects Legal and Fiduciary Authority

Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.

Professional Scope Boundary Matrix

What each professional or product covers, what they do not, and where gaps form between them.

The Independent Assessment Layer in Bitcoin Custody

How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.