mccaleb in A Sentence
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Jacob Stephenson Mccaleb.
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Jed Mccaleb, the founder of both Ripple Labs and Stellar, and two of Mccaleb's family members were named in the complaint.
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According to Bitstamp, Mccaleb and Nancy Harris- his aunt- have yet to make a formal claim on the funds but that they may opt to do so in the future.
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On information and belief, this offer was made at Mccaleb's direction and for Mccaleb's and Stellar's benefit, with the intent to use the funds to purchase STR from the auction STR.”.
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Ripple Labs and Jacob Stephenson, Mccaleb's cousin, have since laid claim to the money, with Ripple Labs allegedly sending two letters to Bitstamp between 26th and 30th March demanding release of the funds.
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According to the complaint, Ripple Labs told Bitstamp that Mccaleb intended to sell the XRP in order to use those funds to underpin a failed effort to sell 650 million stellars, the proceeds of which would then be used to support the development of the Stellar network.
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