Brad Garlinghouse Clarifies on Linqto Holding 4.7M Ripple Shares After DoJ Probe

Brad Garlinghouse Clarifies on Linqto Holding 4.7M Ripple Shares After DoJ Probe

As investment firm Linqto faces a recent probe by the

Is Ripple at Risk? Garlinghouse Breaks Silence on Linqto Scandal

The post Is Ripple at Risk? Garlinghouse Breaks Silence on Linqto Scandal appeared first on Coinpedia Fintech News In a new development, Linqto, an investment platform known for offering shares of private companies like Ripple, is reportedly heading toward bankruptcy. According to a Wall Street Jour...

In a Sharp Statement, Ripple's CEO Draws a Clear Line Between His Firm and Linqto

Linqto’s 4.7 million Ripple shares were acquired solely from other shareholders and not directly from Ripple Garlinghouse clarified that Ripple has no business relationship with Linqto, and it never participated in Ripple’s funding rounds Linqto marked up Ripple shares by 60%, ignoring SEC rules that limit markups to 10% and is now under federal investigation Ripple’s CEO, Brad Garlinghouse, explains that Linqto’s 4.7 million Ripple shares were …

Ripple CEO Clarifies Position as Linqto Faces Bankruptcy News ETHNews

Ripple’s CEO confirmed Linqto bought 4.7M shares only via secondary markets, with no direct business relationship between both companies. Linqto froze user accounts amid bankruptcy proceedings, proposing refunds of original investments but denying profit returns to investors. Ripple CEO Brad Garlinghouse stated Linqto acquired Ripple shares exclusively through secondary markets. His comments followed investor concerns after Linqto froze accounts…

Ripple CEO denies ties with investment platform Linqto amid fraud probe, bankruptcy concerns

The situation highlights the risks of secondary market investments and underscores the need for stringent regulatory oversight to protect investors. The post Ripple CEO denies ties with investment platform Linqto amid fraud probe, bankruptcy concerns appeared first on Crypto Briefing.

Ripple CEO Denies Direct Share Issuance to Linqto as Scrutiny Grows

Ripple CEO Brad Garlinghouse has confirmed that Ripple maintains no business relationship with Linqto, the private investing platform currently under federal investigation. His statement comes in response to recent reports suggesting Linqto may face bankruptcy and is being probed by the U.S. Department of Justice (DOJ). Garlinghouse clarified that Linqto owns 4.7 million Ripple shares. However, Ripple did not issue these shares directly. Instead…