The controversy escalated after Ripple Chief Technology Officer David Schwartz publicly questioned Kim’s credentials. Schwartz stated that the so-called certifications came from organizations that appeared to be created by Kim himself and designed to sound similar to legitimate record bodies.
To be precise, he blocked me after this:https://t.co/fZtB26z6x8
— David 'JoelKatz' Schwartz (@JoelKatz) January 3, 2026
Schwartz also made a clear point that an IQ score of 276 is not scientifically possible. Shortly after this exchange, Schwartz was blocked by Kim, a move that immediately drew attention across the $XRP community.
For many $XRP holders, blocking one of the most respected technical leaders in the ecosystem raised serious concerns.
Token Promotion Using the $XRP Name
Around the same time, Kim announced the launch of a token, claiming it was created to support $XRP and bring real utility to the $XRP Ledger. He described a two-chain structure where one token would focus on community growth on Solana, while another XRPL-linked token would supposedly power DAO-related activity.
His messaging repeatedly used phrases like “supporting $XRP” and “real utility on the $XRP Ledger,” which many community members felt was misleading. Critics argued that $XRP itself does not need unofficial tokens promoted under questionable claims to prove its value.
As scrutiny increased, many $XRP supporters began warning others to stay safe. Some community members openly accused Kim of using the $XRP brand and its loyal following to build hype around a personal token project.
Apology and Unblocking
After days of growing criticism, Kim later posted a public apology. He confirmed that he had unblocked David Schwartz and apologized both to Schwartz and to the $XRP community.
In his statement, he admitted fault, offered no excuses, and said he would be more careful and respectful going forward.
Unblocked.
I sincerely apologize, @JoelKatz.
I also apologize to my #$XRP friends.
No excuses. I will be more careful
and respectful moving forward.
– YoungHoon Kim
— YoungHoon Kim, IQ 276 (@yhbryankimiq) January 3, 2026
While some community members welcomed the apology, others remained skeptical, noting that damage to trust in crypto often happens quickly and is difficult to reverse.