Who Got the “Secret XRP Contracts”? Ripple Exec Addresses Viral Rumor

Ripple's CTO Emeritus, David Schwartz, publicly refuted viral claims circulating on X that he had officially confirmed the existence of secret, pre-allocated XRP contracts for select investors, stating he never made such a confirmation. The controversy stemmed from a post alleging that most of Ripple's escrowed XRP was already earmarked for undisclosed recipients. Schwartz's unequivocal denial aims to stop the spread of this misinformation, which gains traction because his statements carry significant authority as a co-creator of the XRP Ledger (XRPL). The incident highlights a broader pattern of false attributions within the XRP community, echoing previous instances of fabricated memos regarding escrow unlocks and discounted sales. The false attribution matters because it lends undeserved credibility to narratives that could influence retail investor perception of XRP's supply structure, even though Ripple's escrow system releases up to 1 billion XRP monthly via time-locked contracts.

(Source：BeInCrypto)