ZachXBT brands scammed XRP holders ‘exit liquidity for insiders’
The post ZachXBT brands scammed XRP holders ‘exit liquidity for insiders’ appeared on BitcoinEthereumNews.com.
Prolific blockchain investigator ZachXBT has expressed his frustration with constant pleas for help coming from certain parts of the crypto community. Specifically, the pseudonymous sleuth is disinclined to help XRP holders who he believes, “provide nothing of value to the industry except exit liquidity for insiders.” Ripple holders provide nothing of value to the industry except exit liquidity for insiders thus are not worth supporting (Likewise with Cardano, Pulsechain, Hedera, etc) — ZachXBT (@zachxbt) August 28, 2025 Read more: Google’s blockchain team is building an XRP killer According to screenshots posted by another X user, the initial request (since deleted) came from a Ripple user who claims to have lost over $33,000 attempting to claim tokens from an airdrop. The victim appears to have used a malicious wallet app which drained funds on multiple chains. While not taking aim at specific users in particular, ZachXBT says he “will make fun of anyone” from the Ripple community who asks for help after being scammed. He also brands the Ripple foundation “cheap,” complaining that it “no longer funds public goods that provide guidance to their community unlike other chains.” In the absence of any Ripple community-specific forensics service, ZachXBT believes “the best option is to file an IC3 report and trace to exchanges.” Despite the Ripple foundation’s seeming lack of concern for its own holders, Ripple Labs co-founder Chris Larsen was reportedly keen to donate over $9 million to fund a drone-led surveillance unit for the San Francisco Police Department (SFPD) earlier this year. The donation, $2 million of which will go to renting out Ripple Labs’ former offices to the SFPD, was accepted in June, according to local reporting. Read more: Ripple’s Chris Larsen to fund police surveillance, drones in San Francisco You win some, you lose some In early March,…
Filed under: News - @ August 28, 2025 3:34 pm