Online investigator ZachXBT expressed his dissatisfaction with the XRP community, asserting that he does not wish to assist token holders who fall victim to scams.
Refusal to Help Scam Victims
On August 28, ZachXBT declined to assist an XRP holder who lost funds in a hack. He indicated that he does not consider the XRP community worthy of support if they are scammed.
Comparison of XRP to MLM Scheme
ZachXBT likened XRP to a multi-level marketing scheme, asserting that the token's success relies on attracting new users. He stated that token holders merely provide exit liquidity for insiders who have already sold millions of tokens.
ZachXBT's Longstanding Criticism
ZachXBT's criticism of Ripple is not new. He has pointed out that founders control billions of tokens and frequently sell them to retail investors. He also mentioned that Ripple does not engage in funding public goods or educating its clients.
ZachXBT's overall criticism of Ripple and its community highlights issues faced by investors and calls into question the transparency and reliability of the XRP ecosystem.
