Linqto

🚨 IMPORTANT: Ripple Shareholder Files BANKRUPTCY!

Linqto, a major shareholder of Ripple, has officially filed for Chapter 11 bankruptcy. This comes after months of controversy surrounding alleged securities law violations and federal investigations. Linqto holds a significant 4.7 million Ripple shares.

While #Ripple CEO Brad Garlinghouse clarified there's no business relationship with Linqto beyond share ownership, this development is grabbing headlines. Reports suggest Linqto customers may not have truly owned the securities they thought, and the company faced issues with marketing services to ineligible investors.

This situation highlights the complexities and risks within the broader crypto investment landscape. While it impacts Linqto directly, the market will be watching closely for any ripple effects on #XRP and the wider ecosystem. Stay informed and follow @Professor Mende - Bonuz Ecosystem Founder for more! #Altcoins #Linqto #LinqtoBankruptcy $XRP

Linqto, a company that once bought Ripple shares through private placement, filed for bankruptcy reorganization

On July 8, Cointelegraph reported that Linqto is a private investment platform that allows investors to buy shares of companies that have not yet been publicly listed. The company has filed for Chapter 11 bankruptcy protection with the U.S. District Court for the Southern District of Texas.

According to the disclosure, Linqto holds 4.7 million shares of Ripple purchased through the private market. The bankruptcy filing follows a statement by Ripple CEO Brad Garlinghouse last week, who clarified at the time that although Linqto holds 4.7 million secondary market shares of Ripple, it has no business relationship with Ripple. #Linqto

📉 Linqto tuyên bố phá sản, 4,7 triệu cổ phiếu Ripple bị “kẹt” giữa khủng hoảng
Linqto – nền tảng đầu tư tư nhân cho phép mua cổ phần công ty trước IPO – vừa nộp đơn xin phá sản theo Chương 11 tại bang Texas. Đáng chú ý, họ hiện nắm giữ 4,7 triệu cổ phiếu Ripple (ước tính ~450 triệu USD), nhưng Ripple đã nhanh chóng lên tiếng: “Chúng tôi chưa bao giờ hợp tác kinh doanh với Linqto”.

Cú sập không chỉ là chuyện tiền bạc – mà còn là khủng hoảng niềm tin. Theo hồ sơ, Linqto bị điều tra vì có dấu hiệu bán cổ phiếu cho nhà đầu tư không đủ điều kiện, và tệ hơn, nhiều người dùng có thể chưa thực sự sở hữu thứ họ tưởng đã mua. Cựu CEO còn bị tố “bán lúa non” với giá cao hơn 60% so với giá gốc – vi phạm luật chứng khoán Hoa Kỳ.

👉 SEC đã chính thức vào cuộc, nền tảng Linqto đã đóng từ tháng 3, doanh thu ngừng chảy. Phiên điều trần đầu tiên diễn ra hôm 9/7.
Ripple cũng cho biết họ đã “cắt đứt” với Linqto từ cuối 2024.

⚠️ Bài học rút ra: Khi đầu tư vào tài sản tư nhân, đặc biệt qua nền tảng trung gian, hãy thật cẩn trọng với quyền sở hữu thực sự và tính minh bạch.
#Linqto
#Ripple
#CryptoScandal
#SECInvestigation
#private

🚨 Linqto Bankruptcy: A Glimmer of Hope for Customers?
⚖️ In the midst of Linqto’s bankruptcy proceedings, XRP lawyer John Deaton is stepping up to protect investor interests.
🔍 Key Insights:
▫️ Deaton believes customers may receive full recovery, taking priority over equity shareholders.
▫️ His advocacy aims to ensure investors are not left behind and may even secure significant returns.
▫️ This could set a powerful precedent for how customer rights are handled in crypto-related bankruptcies.
📢 Deaton’s proactive stance underscores the growing importance of investor protection in the evolving crypto landscape.
#Linqto #XRP #CryptoLaw #Bankruptcy #JohnDeaton
https://coingape.com/linqto-bankruptcy-xrp-lawyer-full-recovery/?utm_source=bnb&utm_medium=coingape

📢 Brad Garlinghouse Sets the Record Straight on Linqto’s Ripple Shares
🇺🇸 As investment firm Linqto comes under investigation by the U.S. Department of Justice, Ripple CEO Brad Garlinghouse has issued a public clarification regarding the firm's 4.7 million Ripple shares.
🔑 Key Takeaway: Ripple did NOT sell any shares directly to Linqto.
🛑 Instead, the entire stake was acquired via secondary markets — distancing Ripple from any direct involvement.
⚖️ With regulatory scrutiny tightening around crypto investments and secondary markets, transparency is critical — and Garlinghouse is making sure Ripple stays ahead of the narrative.
🏛 As the DOJ probe unfolds, this statement might help reassure investors and stakeholders about Ripple’s operational integrity.
#Ripple #BradGarlinghouse #Linqto #CryptoRegulation #DOJ
https://coingape.com/brad-garlinghouse-clarifies-on-linqto-holding-4-7m-ripple-shares-after-doj-probe/?utm_source=bnb&utm_medium=coingape