Since June 05, 2019, there have been massive tweets regarding Money Gram being acquired by Ripple. This has led to a lot of confusion and hype in the XRP community, causing prominent XRP enthusiasts to opine on the matter. Tiny details surrounding the aforementioned companies have caused speculation over the authenticity of the news.
CryptHawk, a Twitter user, made waves after his tweet became the source behind the so-called FUD over “Ripple acquiring Money Gram.”
BREAKING NEWS – Someone just bought someone today and this is big, really big! Prepare for take off, it’s going out anytime soon now! I can’t use hashtags neither more but you know who I am tagging most of the time! Just one thing: ASSEMBLE! #Crypto #cryptocurrency #Cryptotrading
— CryptHawk (@TheCryptHawk) June 5, 2019
Hours after this tweet, PYMNTS, a reliable source for news related to payments and commerce, tweeted the news article, “MoneyGram Works To Restructure Debt; Could Seek Buyer” and even pinned the same, which could be a coincidence or just a way to make the most out of a bad scenario.
PYMNTS’ article read,
“Reuters reported that in addition to exploring strategic alternatives, the company is currently working to restructure its outstanding debt, which was at $902.8 million as of the end of September… When asked about Holmes’ [CEO of Money Gram] thinking about a sale in November, the CEO and chairman said, “we always entertain discussions,” noted Reuters.”
CryptHawk followed the previous tweet with another update which read,
1. So far here’s what I stated yesterday evening: a company bough another one and it was big! I already knew it since Nov 18 and this morning as it went crazy on Twitter I dropped the news that #Ripple acquired #Moneygram!