It started with a post. Just another social media comment from the "Build on Stellar" account, but this one landed differently. The post took aim — subtly but unmistakably — at Ripple, referencing its prolonged legal battle with the U.S. SEC. The $XRP community was not amused and they made sure everyone knew it.
Among those voicing frustration was John Deaton, a legal representative for $XRP holders in the class-action lawsuit against the SEC. Deaton criticized McCaleb’s actions, pointing out that a founder publicly taking shots at the company he co-founded was problematic, especially given Ripple’s ongoing legal battle.
He pointed out that even though the San Francisco-based company was targeted and forced to spend $150 million on legal fees and $1.3 billion from $XRP sales, McCaleb still made a ton of money. Even after the lawsuit was filed, Deaton said McCaleb made $2 billion from $XRP sales while Ripple's current leaders were busy fighting to defend the company, which was expensive and tiring.
u.today