Former Ripple CTO Schwartz Jokes About Binance Hack and XLM Tokens
- —Schwartz: "These sick b*stards dropped an extra 517 XLM into my Binance account!"
- —The quip references the historic Ripple-Stellar rivalry tied to Jed McCaleb
- —Hackers withdrew 233.46 million XRP (~$296 million) that cannot be frozen at protocol level
- —Ripple blocked about $200 million in RLUSD, with Yi He thanking the team
Why it matters: The episode highlights the gap between uncontrollable native tokens like XRP and stablecoins that issuers can freeze.
Source: U.Today