Jed McCaleb
Overview
- Source of Wealth
- Cryptocurrency
- Industry
- Finance & Investments
- Residence
- Berkeley, California
Biography
An early pioneer in the blockchain space, Jed McCaleb helped launch three well-known crypto firms.
In 2010 he created Mt. Gox, the first major Bitcoin exchange, which he sold a year later before it was hacked.
McCaleb cofounded Ripple in 2012, but soon left over disagreements with fellow founders.
His next venture, in 2014, was cofounding Stellar, a Ripple competitor that aims to speed up cross-border payments.
Most of McCaleb's wealth comes from selling much of the original 9 billion XRP he pocketed as a Ripple cofounder. He sold his last coins in 2022.
About
Before entering crypto, McCaleb created the file-sharing service eDonkey2000, which was sued by major record companies over copyright infringement.
McCaleb's separation agreement with Ripple required him to move 2 million XRP tokens to a charitable fund of his choice.