- Tennessee man steals $11M crypto from George Jones’ grieving widow.
- Nancy Jones’ XRP pockets emptied after belief in accomplice shattered.
- Practically 500,000 XRP nonetheless lacking regardless of swift authorized restoration efforts.
A Tennessee man has been arrested for stealing over $11 million in cryptocurrency and almost $400,000 in money from his accomplice, Nancy Jones. Nancy is the widow of legendary nation singer George Jones. Kirk West, a 58-year-old man residing in Franklin was arrested on July 24, at Nashville Worldwide Airport.
Nancy Jones’ Digital Belongings Stolen in Main XRP Theft Case
West was apprehended the very subsequent day that Nancy had reported a theft case. She knowledgeable that West had stolen the cash and a Ledger pockets with tens of millions of digital property out of two safes at her residence. This theft supposedly occurred someday through the finish of June (June 26), when Nancy observed that the safes have been empty.
In accordance with courtroom paperwork, the stolen crypto pockets carried with it greater than 5.5 million XRP tokens, which is a digital foreign money price 2.10 {dollars} per unit throughout that point. This elevated the quantity of the stolen cryptocurrency to over 11 million {dollars}. Within the case of West, the worth of the digital property had reached greater than 17 million by the point he was arrested by authorities.
Though the authorized steps have been quick, Nancy may get better roughly 5 million XRP tokens along with her workforce. That leaves roughly 500,000 XRP unaccounted for, which is now price roughly 1.5 million {dollars}. This misplaced half is a big lack of funds that isn’t but recovered.
West has landed into massive authorized hassle. He has been accused of property theft of greater than 250 thousand {dollars}, which is a felony offense. The bond of his has been fastened at $1 million. West would possibly obtain an extended jail time period in case he’s discovered responsible. His courtroom look is scheduled on October 23.
Nancy Jones has not made any public statements in regards to the incident. Nonetheless, her lawyer has already ascertained that she is the actual sufferer of this case. West in distinction has not addressed the fees overtly.
Nancy’s Ex Promised Tens of millions, Delivered Theft
Nancy will not be a first-time sufferer of heartbreak. She had been with George Jones in his struggles with medication and well being issues till he died in 2013. She subsequently assisted within the creation of the George Jones Museum in Nashville to hold on his legacy to the subsequent technology.
It’s reported that Nancy and West met some years in the past and ended up in a love affair. In accordance with West, he was an professional in cryptocurrencies, and he persuaded Nancy to put money into such digital currencies as XRP, Ethereum, SHIB, and DOGE. Nancy trusted him and adopted his recommendation. Sadly, that belief precipitated a lack of cash and betrayal.
The scenario modified when Nancy felt that West was a cheat. On June 26, she requested her granddaughter to help her in securing her safes. It was at the moment that she realized that she had misplaced the cash and the pockets. Nancy approached West, who instructed her that she would solely get $5 million of the quantity. Later, he was taken out of the home.
To sum up, the connection stuffed with belief turned out to be one of many largest private crypto thefts of this yr. Because the lawsuit date has been scheduled and the authorized battle is on, justice may be served any time quickly; nevertheless, the emotional and monetary wounds would possibly take years to get better.