XRP validators face amendment-block risks if they don’t upgrade soon. Rippled 2.6.2 fixes bugs and boosts XRP Ledger efficiency significantly. Smart Escrows bring customizable conditions, expanding XRPL’s programmability capabilities. XRP Ledger (XRPL) validators have been issued a stark warning to upgrade to the latest version of the rippled software, version 2.6.2, or risk being locked out of the upcoming network amendments. With only 13 days and 20 hours remaining before the deadline, Jon Nilsen an XRPL validator, has cautioned that failure to update could result in validators being amendment-blocked, cutting off their ability to participate in the network’s future developments. Rippled version 2.6.2 introduces critical updates aimed at enhancing the overall functionality and security of the XRP Ledger. One of the key improvements is the activation of the “fixDirectoryLimit” amendment, which removes directory page limits, significantly improving network efficiency. Alongside this, the update also addresses a major bug that caused assertion failures when all inner transactions within a Batch transaction were invalid. These fixes are vital in ensuring smoother operations and minimizing disruptions within the XRPL ecosystem for both users and developers. Also Read: Celestia’s Struggles Continue Amid Bearish Trend Key Improvements in Rippled Version 2.6.2: Enhancing Network Efficiency and Stability Ripple first announced the release of version 2.6.2, emphasizing its importance for validators to stay aligned with the network’s evolving needs. As amendments are central to XRPL’s continuous development, ensuring that systems are updated is critical to avoid any operational disruptions. Ripple CTO David Schwartz also shared that his system has been running the latest version without issues, giving validators confidence in the stability and necessity of the upgrade. Exciting New Features: Smart Escrows and TokenEscrow Alongside this vital update, the XRP Ledger is also rolling out new features designed to increase its functionality. Smart Escrows, a new feature on XRPL, allows users to customize escrow transactions with conditions based on real-time data, such as the XRP price using oracles. This addition is part of Ripple’s ongoing efforts to increase the programmability of the XRPL. The upcoming TokenEscrow amendment will further extend the ledger’s capabilities, enabling users to hold not only XRP but also issued assets and multi-purpose tokens (MPTs) in escrow. These changes position the XRP Ledger to support a broader range of use cases, attracting more developers and businesses to the platform. As the XRP Ledger continues to evolve, the urgency of keeping up with updates like rippled 2.6.2 becomes clear, ensuring validators remain active participants in its growth and future developments. Also Read: Ripple: We Are Building a One-Stop Shop for Digital Assets – What it Could Mean for XRP The post XRP Validators Warned: Upgrade to Rippled 2.6.2 Now or Face Amendment-Block appeared first on 36Crypto. XRP validators face amendment-block risks if they don’t upgrade soon. Rippled 2.6.2 fixes bugs and boosts XRP Ledger efficiency significantly. Smart Escrows bring customizable conditions, expanding XRPL’s programmability capabilities. XRP Ledger (XRPL) validators have been issued a stark warning to upgrade to the latest version of the rippled software, version 2.6.2, or risk being locked out of the upcoming network amendments. With only 13 days and 20 hours remaining before the deadline, Jon Nilsen an XRPL validator, has cautioned that failure to update could result in validators being amendment-blocked, cutting off their ability to participate in the network’s future developments. Rippled version 2.6.2 introduces critical updates aimed at enhancing the overall functionality and security of the XRP Ledger. One of the key improvements is the activation of the “fixDirectoryLimit” amendment, which removes directory page limits, significantly improving network efficiency. Alongside this, the update also addresses a major bug that caused assertion failures when all inner transactions within a Batch transaction were invalid. These fixes are vital in ensuring smoother operations and minimizing disruptions within the XRPL ecosystem for both users and developers. Also Read: Celestia’s Struggles Continue Amid Bearish Trend Key Improvements in Rippled Version 2.6.2: Enhancing Network Efficiency and Stability Ripple first announced the release of version 2.6.2, emphasizing its importance for validators to stay aligned with the network’s evolving needs. As amendments are central to XRPL’s continuous development, ensuring that systems are updated is critical to avoid any operational disruptions. Ripple CTO David Schwartz also shared that his system has been running the latest version without issues, giving validators confidence in the stability and necessity of the upgrade. Exciting New Features: Smart Escrows and TokenEscrow Alongside this vital update, the XRP Ledger is also rolling out new features designed to increase its functionality. Smart Escrows, a new feature on XRPL, allows users to customize escrow transactions with conditions based on real-time data, such as the XRP price using oracles. This addition is part of Ripple’s ongoing efforts to increase the programmability of the XRPL. The upcoming TokenEscrow amendment will further extend the ledger’s capabilities, enabling users to hold not only XRP but also issued assets and multi-purpose tokens (MPTs) in escrow. These changes position the XRP Ledger to support a broader range of use cases, attracting more developers and businesses to the platform. As the XRP Ledger continues to evolve, the urgency of keeping up with updates like rippled 2.6.2 becomes clear, ensuring validators remain active participants in its growth and future developments. Also Read: Ripple: We Are Building a One-Stop Shop for Digital Assets – What it Could Mean for XRP The post XRP Validators Warned: Upgrade to Rippled 2.6.2 Now or Face Amendment-Block appeared first on 36Crypto.

        Highlights:  US prosecutors requested a 12-year prison sentence for Do Kwon after the Terra collapse. Terraform’s $40 billion downfall caused huge losses and sparked a long downturn in crypto markets.  Do Kwon will face sentencing on December 11 and must give up $19 million in earnings.   US prosecutors have asked a judge to give Do Kwon, Terraform Labs co-founder, a 12-year prison sentence for his role in the remarkable $40 billion collapse of the Terra and Luna tokens. The request also seeks to finalize taking away Kwon’s criminal earnings.  The court filing came in New York’s Southern District on Thursday. This is about four months after Kwon admitted guilt on two charges: wire fraud and conspiracy to defraud. Prosecutors said Kwon caused more losses than Samuel Bankman-Fried, Alexander Mashinsky, and Karl Sebastian Greenwood combined.  U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is… — Wu Blockchain (@WuBlockchain) December 5, 2025  Terraform Collapse Shakes Crypto Market Authorities explained that Terraform’s collapse affected the entire crypto market. They said it helped trigger what is now called the ‘Crypto Winter.’ The filing stressed that Kwon’s conduct harmed many investors and the broader crypto world. On Thursday, prosecutors said Kwon must give up just over $19 million. They added that they will not ask for any additional restitution. They said: “The cost and time associated with calculating each investor-victim’s loss, determining whether the victim has already been compensated through the pending bankruptcy, and then paying out a percentage of the victim’s losses, will delay payment and diminish the amount of money ultimately paid to victims.” Authorities will sentence Do Kwon on December 11. They charged him in March 2023 with multiple crimes, including securities fraud, market manipulation, money laundering, and wire fraud. All connections are tied to his role at Terraform. After Terra fell in 2022, authorities lost track of Kwon until they arrested him in Montenegro on unrelated charges and sent him to the U.S. Do Kwon’s Legal Case and Sentencing In April last year, a jury ruled that both Terraform and Kwon committed civil fraud. They found the company and its co-founder misled investors about how the business operated and its finances. Jay Clayton, U.S. Attorney for the Southern District of New York, submitted the sentencing request in November.  TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.” — Zack Guzmán  (@zGuz) April 5, 2024  The news of Kwon’s sentencing caused Terraform’s token, LUNA, to jump over 40% in one day, from $0.07 to $0.10. Still, this rise remains small compared to its all-time high of more than $19, which the ecosystem reached before collapsing in May 2022. In a November court filing, Do Kwon’s lawyers asked for a maximum five-year sentence. They argued for a shorter term partly because he could face up to 40 years in prison in South Korea, where prosecutors are also pursuing a case against him. The legal team added that even if Kwon serves time in the U.S., he would not be released freely. He would be moved from prison to an immigration detention center and then sent to Seoul to face pretrial detention for his South Korea charges.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.