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Does Jed McCaleb (original Ripple founder and current Stellar CTO) get off scot-free? He's sold XRP worth $175m and owns $billions more. But it looks like he ma
by modeless 6y ago
Does Jed McCaleb (original Ripple founder and current Stellar CTO) get off scot-free? He's sold XRP worth $175m and owns $billions more. But it looks like he may be saved by the statute of limitations! He left in 2013 and a quick search indicates that the statute of limitations may be 5 years. It would be pretty crazy if this was all ruled illegal and he got to keep it all because the SEC took longer than 5 years to get in gear.
Will they go after Stellar next?
- ur-whale 6y agoThey certainly should, Stellar is pretty much structured like Ripple. Another interesting fact about McCaleb: he started MtGox (and sold it to magical tux)
- nullc 6y ago> and sold it to magical tux After it was robbed once and was insolvent without disclosing it... Also the 2011 big mtgox theft after the acquisition came in via Jed's still present administrative account (he retained administrative access because part of the terms of the sale entitled him to a share of revenue).
- nullc 6y agoI decoded some more of the indirectly referenced parties in this reddit post: https://www.reddit.com/r/CryptoCurrency/comments/kiddap/sec_files_lawsuit_against_ripple_and_two/ggrecch/ https://www.reddit.com/r/CryptoCurrency/comments/kiddap/sec_...
- modeless 6y agoWow. The guy sure knows when to get out!
- xtracto 6y agoReminds me of the CIO of SolarWinds who left last October. Pretty convenient
- deleted 6y ago[deleted]