According to U.Today, Justin Bons, founder of investment firm Cyber Capital, alleges that the XRP Ledger network requires validators to use closed-source code, which he says undermines its claim of decentralization. He refers to the situation as “straight-up fraud.” The remarks relate to how validators are instructed to adopt certain technical components without full public access or transparency regarding their underlying code.
The statement addresses XRP’s ongoing discussion around network governance and validator operations. Bons emphasizes that forcing validators to use non-open elements limits independent verification of code functionality, a factor he links to reduced decentralization. No specific timeline or regulatory action is mentioned in the source; the focus remains on the operational requirement for validators regarding code adoption.
