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Fake Satoshi Craig Wright Takes Another Jab at Ripple

Wed, 03/08/2023 - 16:02
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Gamza Khanzadaev
Self-proclaimed 'Creator of Bitcoin' calls Ripple CEO criminal
Fake Satoshi Craig Wright Takes Another Jab at Ripple
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Australian computer scientist Craig Wright, claiming to be the creator of Bitcoin (BTC), has gone public with another attack on Ripple and XRP. This time, it hit the crypto company's CEO, Brad Garlinghouse, whom Wright labeled as a criminal. The reason for such a scandalous statement from the fake Satoshi was Garlinghouse's recent comments that the SEC's way of regulating through enforcement could hurt the crypto industry in the U.S.

Self-Proclaimed Satoshi Calls XRP “The Most Useless Pump-and-Dump Scheme”

Wright v. XRP and Ripple

This is not Wright's first such attack on Ripple and XRP directly, which he previously called the most worthless pump-and-dump scheme. At the same time, Faketoshi, as Wright has been nicknamed in the crypto space, has further promised to provide an academic analysis of XRP in 2023, which he says will show just how dishonest the system is.

Ripple's management has not responded to the scientist's latest thunderous statement. The latest was Ripple's chief technology officer, David Schwartz, calling Wright a "despicable coward" who is suing developers for their opinions, which in Schwartz's view is "vile" and "grotesque."

Self-Proclaimed Satoshi Craig Wright Scores Pyrrhic Victory with Defamation Lawsuit

The case in question was the famous Wright v. McCormack trial, where the latter was a defendant in a libel case against an Australian scientist. Although the trial was lengthy, the funny thing is that it ended with McCormack being ordered to pay Wright £1.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.