18 Aug Ripple’s XRP Branded A ‘Scam’ By Bitcoin Analyst As Lawsuit Row Intensifies
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Ripple’s XRP has not strayed far from controversy recently, with the company currently embroiled in a row that’s seen disgruntled investors accuse it of selling unregistered securities.
Now, bitcoin supporter and cryptocurrency analyst Tone Vays has weighed in on the lawsuit, branding Ripple’s XRP a “scam” and warning the U.S. Security and Exchange Commission (SEC) will bring “Thor’s Hammer” down on the company.
Ripple, which notionally controls the token known as XRP, has struggled to distance itself from XRP over recent years, despite its best efforts.
LightRocket via Getty Images
“The SEC is bringing Thor’s Hammer,” Vays said via Twitter. “Come at me XRP Army … your scam coin should never have existed.”
Vays also promised to discuss the ongoing lawsuit on the next episode of his podcast, Bitcoin Law Review.
Earlier this month, a new amended complaint against Ripple was filed with the SEC, using the commission’s own words to suggest Ripple illegally sold unregistered securities,…
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