Linqto

📢 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

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 files for bankruptcy, 4.7 million Ripple shares 'stuck' amid the crisis
Linqto – a private investment platform that allows purchasing company shares before an IPO – has just filed for Chapter 11 bankruptcy in Texas. Notably, they currently hold 4.7 million Ripple shares (estimated at ~450 million USD), but Ripple quickly responded: “We have never done business with Linqto”.

The collapse is not just about money – but also a crisis of trust. According to records, Linqto is under investigation for allegedly selling shares to unqualified investors, and worse, many users may not actually own what they thought they purchased. The former CEO is also accused of “selling unripe crops” at prices 60% higher than the original price – violating U.S. securities laws.

👉 The SEC has officially intervened, and the Linqto platform has been shut down since March, with revenue halted. The first hearing took place on July 9.
Ripple also stated that they “cut ties” with Linqto at the end of 2024.

⚠️ Lesson learned: When investing in private assets, especially through intermediary platforms, be very cautious about actual ownership rights and transparency.
#Linqto
#Ripple
#CryptoScandal
#SECInvestigation
#private

💥 Linqto Collapses — $500M+ at Risk 🚨
Linqto, once marketed as the "everyday investor’s gateway" to pre-IPO shares in firms like Ripple and CoreWeave, has filed for Chapter 11 bankruptcy.

👀 The Twist?
New court filings reveal customers may have never actually owned the shares they bought. The company now faces allegations of securities violations and mismanagement going back to 2020.

📉 Over 10,000 creditors could be impacted, with an estimated $500M–$1B on the line.

⚠️ Just another fintech fantasy that’s unraveled into a legal disaster.

#Linqto #Ripple #InvestorAlert #BinanceSquare $BTC $ETH $BNB

🚨 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

🚨 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