Digital asset exchange Bitstamp apologized for sharing a report on the crypto market, which Bitstamp claimed did not reflect the company’s “views or values”.
In a tweet released by Bitstamp, the exchange shared an apology for the report “The Crypto Industry Paper 2021” written by Ryan Selkis, founder and CEO of research company Messari. The report referred to XRP as “toxic waste” and called Bitcoin’s fork coins, XLM and LTC as “piles of garbage coins.” The report stated:
“These are toxic assets captured by regulation. They run counter to everything that makes me work in the crypto industry.”
Bitstamp deleted the original tweets shared after the report was published on December 8, and pointed out that some of the “remarks and content” in the report did not match the company’s values. Bitstamp added that they believe that some aspects of the report are disrespectful to “part of the tokens in the crypto community.”
Before the publication of the 130-page report, we did not thoroughly read it. This is our responsibility, and we should do better. -Bitstamp (Bitstamp) December 9, 2020
In response, the CEO of Messari said on Twitter that the report was 134 pages long and he used a humorous tone to attract readers. However, he further emphasized his views on XRP, calling this token a “useless promotion” and adding that he is unlikely to change his views in the future.
XRP supporters generally support Bitstamp’s statement, calling it a “quick and well-thought-out response.” Bitstamp may be responding to Selkis’ views on XRP, or it may be responding to the seemingly unprofessional wording in the entire report. The Messari CEO used 5 “f—” and 9 “s” in the report. —“.
Selkis said: “Bitstamp may expect our analysts to publish a more sensible’professional’ article, rather than an annual company hot spot. I don’t blame them for being caught off guard.”
In last year’s “Crypto Industry Paper 2020”, Selkis said he hated XRP, but did not call it a toxic token. In fact, he said at the time that XRP has “amazing staying power.”
At least one person in the crypto industry has come forward to defend the CEO of Messari, and that is Samson Mow, Chief Strategy Officer of Blockstream. As a well-known Bitcoinist and opponent of “junk coins,” he believes that Selkis “does nothing wrong.”
But Bitstamp’s decision to delete Selkis’ report was supported by other Twitter users.
Shane Schofield said: “What impresses me is that Bitstamp recognizes the views of customers.” “As a sponsor of Messari, I hope Bitstamp can remind customers that everyone is biased.”
This is not the first time Messari CEO has been attacked by XRP supporters. Allegedly, in January last year, he received a threatening call after the company issued a critical analysis report on XRP.
