Quick overview

Live XRP/USD Chart

---

ZachXBT, a prolific blockchain researcher, has voiced his displeasure with the persistent requests for assistance from some segments of the cryptocurrency community. In particular, the anonymous investigator is unwilling to assist XRP holders because, in his opinion, they “offer nothing of value to the industry except exit liquidity for insiders.”

 

The original request (since deleted) came from a Ripple user who lost over $33,000 trying to claim tokens from an airdrop.

According to screenshots posted by another X user, “Ripple holders are not worth supporting because they provide nothing of value to the industry other than exit liquidity for insiders (Likewise with Cardano, Pulsechain, Hedera, etc.).”. The victim likely used a malicious wallet app that drained money on several chains.

ZachXBT claims he “will make fun of anyone” from the Ripple community who seeks assistance after being conned, without specifically targeting any users. Additionally, he complains that the Ripple foundation is “cheap.”.

ZachXBT feels that “the best option is to file an IC3 report and trace to exchanges” since there isn’t a forensics service tailored to the Ripple community

Chris Larsen, a co-founder of Ripple Labs, was reportedly eager to contribute more than $9 million to support a drone-led surveillance unit for the San Francisco Police Department (SFPD) earlier this year, despite the Ripple Foundation’s apparent disregard for its own shareholders.