Manager of Ripple Cyrpto Exchange Arrested for Scam | Real Concern or Just to Generate FUD?

cryptoeater (69) in cryptocurrency • 7 years ago

Hi! There has been an article circulating many prominent cryptocurrency investing groups regarding a scam by an exchange operator. This has generated a lot of FUD around Ripple. You can read the article here.

Due to this, many people are selling their Ripple, it is down around 20% in the last 7 days and around 7% in the last 24 hours.

However, if you read the article it says there were 120 million Yen in IOUs made by the manager, only 1.4 million was directly attributed to Ripple. This makes us ask a lot of questions.

Is the exchange a part of Ripple or independent of Ripple?
Was Ripple the only coin affected?

Furthermore, throughout the whole article the name of the exchange was not listed. Therefore, I do not think this article is credible. People selling their Ripple should think twice and do more research before they sell as this article's primary purpose could just be to generate FUD.

This is not meant to be investing advice, merely information you can interpret yourself.

Good luck investing!

cryptocurrency news money crypto ripple

7 years ago by cryptoeater (69)

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morwhale (50) · 7 years ago

This post received a 24% upvote from @morwhale team thanks to @cryptoeater! For more information, click here! , TeamMorocco! . this is @originalworks . steem @steemprice BTC

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steemprice (46) · 7 years ago

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minnowbooster (73) · 7 years ago

Calling @originalworks :)
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originalworks (69) · 7 years ago

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minnowpond (62) · 7 years ago

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koinov (36) · 7 years ago

Let it drop and buy it cheap, prepare your bags for Christmas presents :)

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hdmed (66) · 7 years ago

You do a great job. @cryptoeater Have a nice day! :)

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