According to Foresight News, investment firm Linqto, which opened private stock trading channels for ordinary investors, is now facing a federal investigation and may file for bankruptcy due to its business operations. Ripple CEO Brad Garlinghouse addressed concerns regarding Linqto's purchase of Ripple stocks, stating that Linqto acquired 4.7 million Ripple shares from other shareholders in the secondary market and never directly traded with Ripple. Garlinghouse emphasized that aside from being a shareholder, Linqto has no business dealings with Ripple. Due to increasing scrutiny, Ripple ceased approving further stock purchases by Linqto at the end of 2024.

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