According to Foresight News, Ripple Labs Singapore Pte Ltd has filed a lawsuit against GCC Exchange, a British currency exchange and remittance company. Ripple accused GCC Exchange of failing to fulfill its payment obligations for previous XRP liquidity transfers, involving an amount of approximately 13.8 million euros (approximately 14.9 million U.S. dollars). Ripple asked the defendant to pay the invoice amount and late payment fees. The lawsuit was filed in July 2023 and was only recently made public. Ripple has filed the lawsuit in the High Court of England and Wales.