Craig Wright and David Schwartz Have a Public Altercation Over XRP

Craig Wright, the purported creator of Bitcoin, and David “JoelKatz” Schwartz, the CTO of Ripple, engaged in a furious altercation on Twitter. Wright’s tweet claiming XRP to be a fraud set off the argument.

What Happened

On the other hand, David Schwartz responded to the ridiculous assertion in his usual snarky manner. Craig Wright said in a post on Twitter that if someone ever mentions the CTO of Ripple, they should refer to him by his real name, which is “conman Davie.” He called Schwartz the Madoff of shitcoins.

“Dave is a conman. XRP is a complete scam,” says Wright confidently. Schwartz replied, “It’s funny how you feel the need to attack me when, and only when, you are being criticized for your own indefensible actions.”

In a related development, Craig Wright may sue Bitcoin developers in court to force them to hand up cryptocurrency and change the code. Wright has filed a lawsuit against 15 developers in an effort to recover 111,000 bitcoins with a value of $2.5 billion.

Wright apparently lost the keys to his cryptocurrency wallets many years ago after becoming the victim of a cyberattack. Even though this lawsuit was first rejected last year, the U.K. Court of Appeal declared today that developers might have responsibilities to blockchain owners.

If Wright is successful in his lawsuit, the software developers might be compelled to produce new software that will assist Tulip Trading in recouping the entire amount of money it owes.

As for XRP, the token now has a value of $0.42 and is representing an on-chain signal that is mostly neutral. Getting back to it, this is not the first time Schwartz and Wright publicly argued about XRP. Wright has made it a habit to aggressively criticize XRP, the products created from it, and its creators. And Schwartz always claps back at him.