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14h ago

ZachXBT Calls XRP Holders ‘Exit Liquidity,’ Says He Won’t Help Scam Victims

The on-chain investigator says Ripple’s foundation has stopped backing public-goods protections, directing victims to file IC3 reports.

Crypto controversy: crypto sleuth zachxbt’s xrp accusations prompt claims of personal grudge against ripple
Ripple, Cardano, and Hedera holders are just exit liquidity for insiders

Overview

  • ZachXBT asserted that XRP holders add no value and primarily serve as exit liquidity for insiders, extending the critique to Cardano, Pulsechain, and Hedera.
  • He said he would not assist XRP users with tracing stolen funds and stated he would make fun of anyone who DMs him for help.
  • He criticized the Ripple Foundation as cheap and claimed it no longer funds user-protection efforts or community guidance compared with other chains.
  • He advised victims to file Internet Crime Complaint Center (IC3) reports, trace funds to exchanges, and cautioned that self-custody requires significant diligence.
  • He recently flagged a roughly $175 million XRP transfer tied to co-founder Chris Larsen, a move reported to have fueled speculation of insider selling.