Investment
Features
FeesSafety
Academy
More
Pluang+

Cyber Capital founder calls XRP's decentralization claims 'straight-up fraud' over closed-source code use.

Market News
08 Oct 2026
UToday
View Source
Bearish
Cyber Capital founder calls XRP's decentralization claims 'straight-up fraud' over closed-source code use.

Justin Bons, founder of Cyber Capital, accused XRP of being centralized and misleading investors by claiming decentralization. He highlighted that the XRP Ledger recently adopted closed-source code, which he argues compromises network security and governance. The controversy centers on the XRP Ledger's Unique Node List system, where recommended validators hold significant influence, raising concerns about true decentralization. This debate intensifies as an upcoming mandatory software update could enforce the use of this closed-source code, potentially blocking outdated servers from syncing with the network.

XRP is currently priced at Rp24.664 on Pluang, showing a 3.00% decline in the last day. As of Oct 09, 2026 04:02 WIB, the market cap stands at Rp1.554,12 trillion with a 69% buy order activity and an average holding period of 72 days.

More News (XRP)

XRP price rises 3.76% to $1.38 in 4 hours despite 24-hour decline

XRP price rises 3.76% to $1.38 in 4 hours despite 24-hour decline

XRP's price increased by 3.76% to $1.38 over a four-hour period on October 8, contrasting with a 2.61% drop over the past 24 hours. This short-term price movement was recorded on Binance's XRP/USDT spot market. XRP remains the fifth largest cryptocur...

Market News
Bullish
4 hours ago
Bitcoin and major cryptocurrencies fall sharply, dragging total crypto market down 5%.

Bitcoin and major cryptocurrencies fall sharply, dragging total crypto market down 5%.

Bitcoin dropped nearly 2% to $81,723, leading a broad decline in the crypto market which saw total capitalization fall over 5% to $2.78 trillion. Ether, XRP, BNB, Solana, and Dogecoin also experienced significant losses, with NEAR Protocol falling ov...

Market News
Bearish
4 hours ago
Bitcoin dominance nears 60% as altcoins fall faster amid $1B+ liquidations

Bitcoin dominance nears 60% as altcoins fall faster amid $1B+ liquidations

Bitcoin's share of the cryptocurrency market rose to nearly 60% on October 8 as major altcoins like Ether, XRP, Solana, Dogecoin, and Zcash dropped more sharply. Bitcoin traded near $81,100 despite a 2.8% decline, while altcoins fell between 5.5% and...

Market News
Bearish
6 hours ago
USDT stablecoin share in Asia-Pacific payments drops from 98% to 91% as rivals gain ground in 2026

USDT stablecoin share in Asia-Pacific payments drops from 98% to 91% as rivals gain ground in 2026

USDT's share of stablecoin payments in the Asia-Pacific region fell from 98% in early 2025 to 91% by July 2026, while other stablecoins increased their combined share from 2% to 9%. This shift reflects broader regulatory access and institutional inte...

Market News
Neutral
6 hours ago
Bitcoin dominance hits 1-month high amid sharp altcoin selloff and market turmoil.

Bitcoin dominance hits 1-month high amid sharp altcoin selloff and market turmoil.

Bitcoin dominance has surged to 60.05%, a one-month high, as a major crypto market selloff severely impacts altcoins like Ethereum, XRP, Solana, and Dogecoin. Bitcoin itself fell about 3.3% but outperformed other cryptocurrencies during the recent cr...

Market News
Bearish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App