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Former Ripple executive David Schwartz says he sold XRP, ether and bitcoin
Schwartz said he arranged the sales with lawyers so he would not face accusations of trading on confidential information.
Key takeaways
- David Schwartz, a former Ripple executive, said he sold XRP, ether and bitcoin.
- He said the sales were motivated by a wish to avoid risk.
- Schwartz said he scheduled the liquidations with lawyers.
- He said the arrangement was meant to head off accusations of trading on confidential information.
- The report gave no amounts, dates or venues for the sales.
What Schwartz said
David Schwartz, a former executive at Ripple, said he sold holdings of XRP, ether and bitcoin, according to a report by CriptoNoticias published on 11 November 2026. The report says he described the sales as a response to risk.
Schwartz said he scheduled the liquidations with lawyers, according to the same report. He said the purpose was to avoid accusations that he had traded on confidential information, meaning material facts about a company that are not public.
The report names three assets: XRP, ether and bitcoin. It gives no breakdown of how much of each he sold, and no total figure for the sales.
What the report does not say
The account rests on a single report. It carries no comment from Ripple, and it does not say whether the company knew about the sales in advance.
It is also not clear from the report when Schwartz left Ripple or what role he held at the time of the sales. He is described only as a former executive.
The report does not state the dates of the sales, the venues where they were executed, or whether any of them were reported to a regulator. Whether the liquidations are complete is not stated either.
Sources
1 report- CriptoNoticiasExdirectivo de Ripple revela ventas millonarias de XRP, ETH y bitcoin por miedo al riesgo
This article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What did David Schwartz say he sold?
According to a CriptoNoticias report published on 11 November 2026, the former Ripple executive said he sold XRP, ether and bitcoin.
Why did he say he used lawyers for the sales?
He said he scheduled the liquidations with lawyers to avoid accusations of trading on confidential information, according to the report.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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