Calm down folks. There was a huge fight between the co-founders - one of whom left to create his own block chain called Stellar.
He threatened to dump all his XRP holdings, and destroy Ripple. But after a lengthy battle, they came to an agreement, and as part of that he is allowed to dump like 1% or so a month of his holding into an escrow account with some specific terms.
I am assuming Perkins happens to be their lawyer. Its not uncommon, a LOT of people in the Valley use Perkins as their lawyer. A good friend of mine used them once and I convinced him to dump them because the way they were running the deal was so damn fishy - it was years ago, but I seem to be able to sniff out the rot lol. But regardless, just keep calm and wait for more info to unfold, it will.
Calm down folks. There was a huge fight between the co-founders - one of whom left to create his own block chain called Stellar.
He threatened to dump all his XRP holdings, and destroy Ripple. But after a lengthy battle, they came to an agreement, and as part of that he is allowed to dump like 1% or so a month of his holding into an escrow account with some specific terms.
I am assuming Perkins happens to be their lawyer. Its not uncommon, a LOT of people in the Valley use Perkins as their lawyer. A good friend of mine used them once and I convinced him to dump them because the way they were running the deal was so damn fishy - it was years ago, but I seem to be able to sniff out the rot lol. But regardless, just keep calm and wait for more info to unfold, it will.