April 20, 2024

Ripple CTO Lost $ 300,000 On Little-Known Altcoins

The technical director of the fintech company Ripple, David Schwartz, said that his losses from investments in altcoinsexceeded 300 thousand dollars.

On Quora, Schwartz wrote that he had made several investments that "ultimately had to be written off as worthless":

“I bought a lot of cryptocurrencies that turned out to be a disaster. My cumulative loss only from tokens that have completely lost their value exceeds $ 300 thousand. "

As an example of useless tokens, he namedBlocktix (TIX), DICE, Flash (FLASH), Vezt (VEZT), Amp (AMP), Signal Token (SIG), Bee (BEE), Kind Ads Token (KIND), Pryze (PRYZ), KudosCoin (KUDOS) and Neuron (NRN).

Recall that in October, Schwartz said that he sold 40 thousand ETH at $ 1, large amounts in Bitcoin at $ 750 and XRP at $ 0.1.

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