The Chief Technical Officer of the Ripple company gave an offer to the FTX team.
Ripple is a San Francisco headquartered Fintech company, which is known for its cross-border payment services. The Ripple’ team uses the XRP ledger’s native token XRP to process transactions for small & big businesses. In the last couple of years, Company is under a legal hurdle because of a lawsuit filed by the US Securities body.
On 11 November, David Schwartz, the chief technical officer at Ripple, tweeted that all the employees of the FTX exchange are innocent & were not involved in compliance or business ethics.
In this way, Ripple officially welcomed all the FTX former employees to join Ripple to make the Ripple payment company better with a good talented team.
Earlier this, Ripple’s CTO welcomed former Twitter employees, who were fired by Twitter’s new CEO Elon Musk.
At present, Ripple is expanding its team. Ripple currently has more than 350 vacancies in Asia and North America.
Recently popular crypto YouTuber Ben Armstrong aka BitBoy_Crypto also submitted his application for the post of Ripple’s director of strategy in Singapore but unfortunately got rejected by the Ripple hiring team.
Ripple vs SEC
In December 2020, The United States Securities and Exchange Commission (SEC) initiated a Lawsuit against Ripple Labs & Ripple officials. Through the lawsuit, the SEC agency claimed that XRP, the native token of the XRP ledger blockchain, is an unregistered security.
The Securities body also claimed that the company violated the securities law because the company sold more than $1.2 billion worth of XRP tokens publicly.
Read also: FTX files for Chapter 11 Bankruptcy