Linqto confirms that it maintains the number of Ripple shares and assures safety for investors.
Linqto is cooperating with the authorities to clarify the misleading allegations related to its investment activities.
The incident arose from misleading information regarding Linqto's risk of bankruptcy and the 4.7 million Ripple shares related to this company. Ripple has also clarified its relationship with Linqto to protect investor rights.
MAIN CONTENT
Linqto denies bankruptcy rumors and maintains its 4.7 million Ripple shares.
Ripple's CEO confirms that Linqto only buys Ripple shares in the secondary market and has no direct contact.
Linqto is cooperating with the SEC and DOJ in investigations regarding misconduct.
How has Linqto responded to the allegations of bankruptcy and ownership of Ripple shares?
Mr. Matt Rosendin, CEO of CapSign, previously published misleading information about Linqto and the number of Ripple shares this company holds, causing misunderstanding about Linqto's bankruptcy risk. Shortly after, Linqto officially denied these allegations, asserting that the number of Ripple shares held by Liquidshares remains unchanged.
Linqto has announced that it has established a new management board to protect all investment assets in private companies and has hired an independent analysis unit to assess internal risks, increase transparency, and ensure safety for investors.
How has Ripple confirmed its relationship with Linqto in this matter?
Brad Garlinghouse, CEO of Ripple, clarified that Linqto owns 4.7 million Ripple shares; however, these shares were purchased in the secondary market from other Ripple shareholders, not through direct transactions with Ripple. Ripple also has no partnership or business relationship with Linqto.
"Our data shows that Linqto is merely a shareholder buying Ripple shares in the secondary market, with no direct transactions or operational links to Ripple."
Brad Garlinghouse, CEO of Ripple, June 2024
At the same time, transactions between both parties ceased in 2024 to minimize any risks related to rumors and legal investigations.
How does Linqto ensure safety for investors and comply with regulations?
To ensure investor rights, Linqto has invited an independent analysis unit to review the risks in investment activities and strictly comply with regulatory requirements. Currently, the company is closely cooperating with the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) in investigating allegations related to sales regulation violations.
"We are committed to transparency and adhering to verification processes to ensure the safety of investments as well as cooperating with the competent authorities."
Linqto representative, June 2024
All trading activities of Linqto are temporarily suspended until further notice from the authorities.
What is the investigation situation and future prospects for Linqto?
Linqto is under the supervision of the SEC and DOJ regarding allegations of misleading sales practices. These investigations will determine the direction of development and restore Linqto's reputation in the cryptocurrency investment market.
Meanwhile, Ripple is keeping a safe distance and not engaging in business activities with Linqto until all legal issues are clarified.
Frequently Asked Questions
How many Ripple shares does Linqto own? Linqto holds 4.7 million Ripple shares purchased in the secondary market.
Is Ripple directly related to Linqto? No, Ripple is not involved in business or direct transactions with Linqto.
What is Linqto being investigated for? The company is under investigation by the SEC and DOJ related to misleading sales practices.
Is Linqto's Ripple share safe? Linqto is committed to ensuring the safety of its shares and has hired an independent analysis unit to review risks.
Will Linqto continue trading? Currently, transactions are temporarily suspended until further instructions from the regulatory authority.
Source: https://tintucbitcoin.com/ripple-giu-quyen-phan-phao-tin-sai/
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