Crypto detective Critiques XRP, Labels Community as “Exit Liquidity”
Online crypto detective ZachXBT is making waves again. This time, he’s criticizing Ripple and its community, calling it “exit liquidity” for founders. The investigator is not mincing words.
ZachXBT Refuses Help for XRP Victims
On august 28, ZachXBT ignored cries for assistance from an XRP holder who fell victim to a hack. He argued that the XRP community is too volatile and problematic. The investigator likened XRP to a pyramid scheme, suggesting that the value derives solely from new buyers. These buyers unknowingly contribute to the founders siphoning off wealth.
The Ripple Foundation does little to aid its ecosystem; it neglects funding public services or providing educational resources. This, according to ZachXBT, makes the community vulnerable to scams.
- Called XRP an MLM scheme.
- Highlighted issues with founder tokens creating unfair market dynamics.
- Warned against relying on misleading marketing tactics.
Cardano, Pulsechain, and Hedera got criticized similarly.
Such criticism is typical for ZachXBT. He warns about what he sees as billion-dollar distributions by founders, leaving retail investors in the dust. On August 11, he termed XRP holders “low IQ”. He debunked a BlackRock investment myth, clarifying it wasn’t what it seemed.
This harsh stance extends back to March 2025 when he declared some cryptocurrency communities unworthy of his support.
