Overview

• On X, the on‑chain investigator said buyers of XRP—as well as Cardano, PulseChain, and Hedera—add no industry value and primarily serve as exit liquidity for insiders.
• He labeled the Ripple Foundation “cheap,” alleging it stopped funding public goods that guide or protect users compared with other chains.
• He told scam victims to file IC3 reports and trace stolen funds to exchanges, said he would not assist XRPL cases, and warned that self‑custody is difficult for most people.
• XRPL validator Vet_X0 said the network lacks rapid tools to freeze stolen funds or blacklist scammers and proposed an XRP Ledger Forensics group that the XRP Ledger Foundation could eventually support.
• He also flagged a recent $175 million XRP transfer linked to co‑founder Chris Larsen, drawing renewed scrutiny of insider activity.