Former Ripple CTO David Schwartz has reiterated that XRP lacks an issuer, making it impossible to claw back stolen funds. This clarification follows a recent scam involving a "LP Reward Voucher" NFT that drained funds from a major liquidity provider's wallet. Despite suggestions to use the XRP Ledger's clawback feature, Schwartz emphasized that only an asset's issuer can initiate a clawback, and since XRP has no issuer, it cannot be reversed or reclaimed. The XRP Ledger activated the Clawback amendment in February 2024, allowing issuers of tokens to reclaim funds in cases of fraud or mistakes. However, this feature does not apply to XRP, as it operates without an issuer. The recent scam exploited the XRP Ledger's NFT broker mode, tricking users into accepting offers that transferred their tokens in exchange for worthless NFTs. Community members are urged to remain vigilant against such scams.
Ex-Ripple CTO Confirms XRP's Lack of Issuer Prevents Clawback of Stolen Funds
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