Ripple CEO: The 4.7 million shares of Ripple held by Linqto were all purchased from the secondary market, and Linqto has no business dealings with Ripple

Odaily Planet Daily News: Investment company Linqto has pioneered private stock trading channels for ordinary investors, but now faces a federal investigation due to its operational practices and may even file for bankruptcy. Ripple CEO Brad Garlinghouse commented: 'It is understandable that investors have questions about the Ripple shares purchased through Linqto. It should be clarified that the 4.7 million shares of Ripple held by Linqto were all purchased from other shareholders in the secondary market and were never traded directly with Ripple. Aside from being shareholders, Linqto has no business dealings with Ripple. In light of increasing doubts, we have ceased to approve further stock purchases by Linqto by the end of 2024.' (Wall Street Journal)