Ripple CTO once sold 40,000 ETH for $1

Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: SAMUEL HAIG, reproduced by Odaily with authorization.

Editor's Note: This article comes from

Cointelegraph Chinese (ID: CointelegraphChina)ETHCointelegraph Chinese (ID: CointelegraphChina)

, Author: SAMUEL HAIG, reproduced by Odaily with authorization.BTCRipple Chief Technology Officer David Schwartz revealed that he and his wife decided to develop a "de-risking plan" for their cryptocurrency investment in 2012. At today's prices, Schwartz lost an eight-figure profit.XRPIn a series of tweets on Oct. 11, Schwartz revealed that he sold 40,000 ETH for $1 at the time (

), these ETHs are worth over $15.5 million at today’s prices.

— David Schwartz（@JoelKatz）The Ripple exec also said he regretted selling a large amount of Bitcoin at $750 (

) and sell a lot at $0.10PbuzzXr, but he did not disclose the specific transaction volume.

October 11, 2020addedtwitter user"

Claiming that “anyone promoting XRP and de-risking is an exit scam,” Schwartz responded by revealing his early conservative layoff plans.RippleThis user did not explicitly mention Schwartz, who

added

: "When you don't have confidence in XRP yourself, you can't go around trying to build others' trust in XRP. De-risking is your best choice."this。