Seems that Valor’s plan either doesn’t exist, is extremely hypothetical, or is entirely fraudulent. Nevertheless, the question remains: could a blockchain suffer a takeover?
Two key Ripple executives have taken the time to discredit a rumor that has emerged regarding an alleged takeover of the company and its blockchain. Ripple CTO David Schwartz has noted that the rumor makes neither technical nor economic sense. Meanwhile, CEO Brad Garlinghouse has called the rumor “snake oil” and “a blatant attempt at market manipulation,” indicating that the rumor is entirely unfounded. The dubious rumor emerged Tuesday morning on a news website called Axios. Dan Primack, who authored the relevant article, reported that a project called Valor has plans to buy “tens of millions of dollars” worth of XRP in order to drive down the coin’s price. A
https://unhashed.com/cryptocurrency-news/ripple-execs-dismiss-hostile-takeover-rumors/
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