SWAN TOOK FINANCING FROM RIPPLE
https://blockspace.media/insight/swan-bitcoin-took-financing-from-ripple-court-documents-show/
Discussion
Scandalous.
Swan never passed the sniff test for me makes sense now
Always check the funders. Larsen has a lot to answer for.
Tried to read this article but had an 'subscribe by email' pop-up shoved in my face preventing me from reading.
Just turn on 'Reader' mode in Firefox or something and you can just bypass it.
Just put a random email down
No fuckin way lmfao
CORY SHOULD HAVE STAYED HUMBLE
& nobody on Nostr is surprised 😂
Strange that Ripple didn't say anything about this sooner? Seems to me like they would have loved the PR to shit on a bitcoin company.
😱
Who would’ve thought Klippstien and Pritzker who be running schemes… You guys seriously need better spidey senses.
💀
🤦🏻
Jesus Christ Swan has been quite the shit sandwich. You called them out early Matt.
🤮 i feel bad for having recommended swan to people now
luckily i know a few stopped using them and the ones that still do at least have some utxos
still, FEELS BAD
🥶
Before you all pull out the pitch forks and torches, let’s be reasonable and wait for official comment from Corey and crew. There may be a perfectly reasonable explanation behind this.
Sad. I wanted to like Swan but this is too much.
They say physiognomy is a pseudo science, but I swear I’m 100% accurate when judging people by their face.
You don’t have a wallet
I don't know what's going on but no one seems to like this lol
LOL
So on brand.
No wonder they didn’t offer a self-custody multisig retirement account. Their weak interpretation of the McNulty case makes a lot more sense now.
At this point I wouldn’t be surprised to see Swan employees on the Epstein list.
“He told us he was interested in funding. We only flew the Lolita express once. Never actually visited the island.”
RIVER
Bitcoin is truth money not necessarily those who use it
Someone fucked up bad they were supposed to wait to release this until after rhr
I dunno. Seems like a complicated battle between two companies, not sure any particular lessons can be drawn.
Big news! Ripple’s backing Swan bullish for XRP or just smart business.
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🤮
Corey the last few years
☠️☠️☠️
First time I ever saw Cory Klippsten on a podcast I didn’t like him at all. I was transitioning from crypto into bitcoin at the time and I found him to be incredibly off putting and a humongous asshole.
Yikes
lol, sucks to suck!
Stoney bitson must be loving this
Gross
Can’t wait to see the court documents.
oh dear god
Those documents did not provide proof of financing. The error resulted from Blockspace misreading and misunderstanding the documents. Upon further review, the legal documents allege that Swan “[entered] into an unconditional secured guaranty with Ripple Labs Inc.”
Editor’s note (6:15 pm EST): An earlier version of this article mischaracterized legal and business documents regarding Swan and other counterparties. We erroneously reported that legal documents from Tether’s lawsuit against Swan and UCC filings Blockspace obtained indicated that Swan took financing from Ripple. Those documents did not provide proof of financing. The error resulted from Blockspace misreading and misunderstanding the documents. Upon further review, the legal documents allege that Swan “[entered] into an unconditional secured guaranty with Ripple Labs Inc.” Blockspace attained UCC filings that list Ripple as a secured party and Swan as debtor, but these do not prove Ripple financed Swan.
They burned swan pretty big with this and ODELL amplified it. Influencers influencing...
Swan aren’t the bad guy here. And if discovery happens in US courts some people outside of swan will be doing time in federal buttslam prison.