Ripple and XRP's "hostile" FUDs have been cleaned by Ripple CEO, Brad Garlinghouse and CTO, David Schwartz

An article entitled "The hostile takeover effort emerges for a popular cryptocurrency" emerged on Twitter, which mentions that a company called "Valor" is trying to take control of "XRP". This article faced a lot of enthusiasm when Ripple CEO Brad Garlinghouse and CTO David Schwartz came in to fend off these FUDs.

The original article mentions how the company Valor, which was launched in 2017 by Vishal Harpalani, intends to detect XRP by creating a "fork" or "clone" of XRP. The article mentions that Valor would do this by increasing "tens of millions" of dollars for short XRP.

After XRP has devalued, Valor will distribute a Valor token for each XRP that users own. The article goes on to say:

"The value would redistribute extra Valor to its community and incentivize owners to exchange even more of their now-devalued XRP, basically to force a capital flight."

The article also stated that Harpalani is working on a hostile takeover of a top-10 cryptocurrency, but that refused to discuss XRP or Ripple.

The article by Dan Primack has addressed a lot of heat and criticism from the XRP community as well as Ripple's CEO and CTO. David Schwartz commented:

"This is fun." A hostile takeover of XRP Ledger is not technically possible, nor does this plan make economic sense. "

Brad Garlinghouse has retweeted David Schwartz's tweet, saying:

"[email protected] wants to sell snake oil … all the buyers out there !? The media have a responsibility to help the industry understand that it is the hype against the substance, not to propagate blatant attempts to manipulate the market. When will the media coverage of this sector mature? "

Schwartz and Garlinghouse do not completely agree with the idea "if a hostile takeover could be made on XRP".

Dr. T also gave further support to the above. He tweeted:

"It is not possible to make a" hostile "takeover of XRP Ledger because, unlike the bitcoin, where anyone controls most of the mines or Proof of Stake where anyone owns majority coins, CHECK the network, in XRP it is necessary that users of the majority CONVINCE individually passino.There is a choice. "

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Akash is your usual Mechie with an unusual interest in encryption and day trading, ergo, a full-time AMBCrypto journalist. He holds XRP because of peer pressure, but otherwise he found the day of trading with what little capital he owns.