EXPOSED: David Schwartz's Secret XRP Clawback Scheme That Could Bankrupt Investors!
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Former ripple cto david schwartz has again clarified that xrp has no issuer, and as such, victims cannot seek to clawback stolen funds. Schwartz emphasized that xrp has no issuer, so no one can freeze or reverse stolen xrp. A community member suggested that perhaps the xrp ledger’s controversial clawback amendment could offer a solution, expressing hope that the stolen funds might somehow be retrieved
XRP Ledger’s Clawback Feature Addresses Safety and Trust - Coin Edition
It sounded reasonable on the surface Some suggested using clawback to recover the stolen funds, but david schwartz clarified that only an issuer can claw back an asset Why the clawback feature doesn’t apply to xrp schwartz responded clearly
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David schwartz clarifies xrp's lack of issuer prevents clawback of stolen funds, following a recent nft scam affecting a major liquidity provider.
Discover why stolen native xrp cannot be recovered by a clawback Ripple cto david schwartz confirms **xrp no issuer** means this feature is only for issued assets Understand the critical distinction and protect your digital funds. Ripple cto emeritus david schwartz clarified on x that transactions involving native xrp cannot be reversed using the xrp ledger's clawback capability because xrp has no issuer
His comment arrived after the global trade finance (gtf) aggregator reported a wallet compromise and community members asked whether the network feature could retrieve funds Clarification on clawback and native xrp. Former ripple cto david schwartz reiterated that xrp lacks an issuer, preventing the clawback of stolen funds This clarification comes amid a new nft scam targeting liquidity providers on the xrp ledger (xrpl)
The absence of an issuer for xrp means no entity can freeze or reverse fraudulent transactions, impacting how institutional investors must approach security
