According to Odaily, Ripple shareholder Linqto has filed for bankruptcy in the U.S. District Court for the Southern District of Texas. The initial hearing is expected to take place on Tuesday, local time. Ripple CEO Brad Garlinghouse clarified last week that Linqto holds 4.7 million shares of Ripple's secondary stock but does not have a direct business relationship with the company.
Ripple Shareholder Linqto Files for Bankruptcy in Texas Court
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