Crypto Investigator ZachXBT Ends Support for XRP Community Citing Scam Concerns

Blockchain investigator ZachXBT has publicly criticized XRP holders for repeatedly falling victim to scams and described them as providing "exit liquidity for insiders," accusing them of contributing little value to the industry. He has refused to assist XRP victims, including those losing substantial sums in fake airdrops and hacks, and likened Ripple's token distribution to a multi-level marketing scheme benefiting insiders who dump tokens on retail investors. ZachXBT also accused Ripple Labs of misallocating funds by supporting projects like San Francisco police drone initiatives instead of investing in community-focused security tools or educational resources. Furthermore, he grouped XRP with other projects such as Cardano, Pulsechain, and Hedera, all of which he claims do not fund public goods or adequately protect their communities. His comments have reignited debates about the XRP Ledger's design and the broader utility versus speculation issues surrounding altcoins. Despite backlash from XRP supporters, ZachXBT has made clear that he will no longer support the XRP community due to these concerns.