Crypto founder calls XRP decentralization claim retail fraud
Image: BeInCryptoCyber Capital founder Justin Bons has called claims that XRP is decentralized 'straight-up fraud' amid debate over an XRP Ledger update. The emergency update, version 3.4.1, shipped in late September to address security issues. XRP Ledger developers confirmed sensitive security fixes are not yet published in source code. The related fixBatchV1_2 amendment may activate on October 9 if validators support it.
Key points
- Cyber Capital founder Justin Bons called selling XRP as decentralized 'straight-up fraud'
- XRP Ledger developers have not published sensitive security fixes in source code yet
Why it matters
The debate highlights questions about XRP Ledger governance and validator control. An XRP-linked Nasdaq product debut is scheduled for October 12.
What's unclear
Whether the fixBatchV1_2 amendment will receive sufficient validator support to activate on October 9
When XRP Ledger developers will release the unpublished security source code
Price context · XRP
At publication
$1.39
Now
$1.40
Change since
+0.72%
7 days · dashed line = publication
Sources · 2 publishers
BeInCrypto
Tier 2
Is XRP Decentralized? One Crypto Founder Calls the Claim Fraud
Coverage timeline
- First reported by U.Today
- Confirmed by BeInCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
