A recent statement by blockchain investigator ZachXBT has sparked heated debates within the crypto community. He expressed sharp criticism of Ripple and its holders.
Criticism of Ripple and XRP
In a recent post, ZachXBT stated that Ripple holders contribute 'nothing of value to the industry except exit liquidity for insiders.' He also indicated that XRP is not worth supporting, along with projects like Cardano, Pulsechain, and Hedera.
ZachXBT's Response to Stolen Funds Situation
In response to a user question about an 'XRP Ledger Forensics group', ZachXBT suggested that filing an IC3 report and tracking funds through exchanges was the only realistic option. He noted that 'the Ripple foundation is cheap' and no longer funds public goods that benefit their community.
Personal Grudge or Objective Critique?
Some commenters believe that Zach's position is not solely based on industry analysis. Researcher Ripple Van Winkle claimed that Zach's hostility towards Ripple is rooted in a personal grievance, citing a past proposal he made to the company.
ZachXBT's criticism has evoked a wide range of reactions in the crypto community, and XRP's 3.7% price drop indicates a divided opinion on the token's future.
