Self-Proclaimed Satoshi Nakamoto Calls Xrp Fans ‘Cultist Army’

Craig Wright calls XRP fans blindly following a ‘cultist army.’
The case between Tulip Trading and 16 developers for retrieval of $5.7 billion worth BTCs.

A computer scientist and self-proclaimed Bitcoin creator had recently criticized the Ripple ecosystem and all its backers. Referring to their support of Tulip Trading and how the community understands the end of the pyramid scheme of Ripple and XRP.

There is a reason why the XRP cultist army is following the Tulip Trading case so closely.
They completely understand that this will end the pyramid scheme that is Ripple and XRP.
— Dr Craig S Wright (@Dr_CSWright) February 4, 2023

Wright particularly called the XRP fans to be blindly following the game and are a part of a ‘cultist army.’ Further claiming that the community knows very well that the token could end up, as their pyramid scheme is under a years-long legal dispute with the Securities and Exchange Commission of the United States.

The statements made by Wright suggest that the XRP fans were very closely monitoring the case between Tulip Trading against 16 developers, where the Australian computer scientist and UK resident had launched a lawsuit against 16 BTC developers for the retrieval of $5.7 billion worth of Bitcoins.

The case seeks access to nearly 111,000 BTCs from two addresses without private keys. As per the filings in the London High Court, Wright claims to lose the private keys in a hacking incident on his home computer in February 2020, which is already under further investigation.

The case in question is against the developers from four different networks; Bitcoin Satoshi Vision (BSV), Bitcoin Core (BTC), Bitcoin Cash ABC (ABC), and Bitcoin Cash (BCH). The developers are accused of having ‘fiduciary duties’ and ‘duties in tort’ for re-writing or amending the protocol code, which seemed to give Wright access to the 111,000 Bitcoins.

I have.
It is now because of Davey taking down the Ponzi that is XRP and ensuring that this complete fraudulent system is utterly wiped out
— Dr Craig S Wright (@Dr_CSWright) February 4, 2023

Wright proposes a complete XRP wipeout calling the protocol a ‘fraudulent scheme.’ Also, questioning the authenticity of many Ripple projects with the platform moving its power to cross-border transactions.

Wright also called XRP a ‘bad joke,’ stating that the asset must not be termed a cryptocurrency but a scam. It should be noted that the self-proclaimed Satoshi Nakamoto does not have a good image for the Ripple community and XRP and is involved in many Twitter altercations against them. Questioning the very viability of XRP, furthermore saying it to be a ‘useless pump and dump scheme.”

The Ripple vs. SEC case has been going on since December 2020, with SEC arguing that XRP is security while Ripple says otherwise. Both parties have submitted their respective arguments and papers and are awaiting the final verdict. The result of the trial is expected in the first half of 2023.

When Craig claimed to be the Bitcoin founder Satoshi Nakamoto, it created a serious controversy.

Craig Wright, who claims to be Satoshi Nakamoto, but is not taken seriously by the crypto world, has sued Coinbase and Kraken exchanges. The law firm representing Wright claimed that the two exchanges were not selling real Bitcoin, but a “fake” version of it.
— ₿ona D€a (@BonaDeaCrypto) May 4, 2022

The controversy extended outside the vicinity of the crypto industry, where the majority claimed that his Ph.D. thesis was plagiarized. Also, a federal court in West Palm Beach, Florida, ruled that he must pay $43 million to a joint venture of which he was a co-founder for the illegal seizure of certain intellectual property.