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Ripple CEO: Linqto Holds 4.7 Million Shares of Ripple Stock Purchased from Secondary Market, No Business Dealings with Ripple
Summary: In a surprising turn of events, investment firm Linqto, which initially opened up a private stock trading channel for ordinary investors, is now facing federal investigation due to its business operations, and may even file for bankruptcy. Ripple CEO Brad Garlinghouse stated, 'It is understandable that investors have questions about the Ripple stocks purchased by ...
In a surprising turn of events, investment firm Linqto, which initially opened up a private stock trading channel for ordinary investors, is now facing federal investigation due to its business operations, and may even file for bankruptcy. Ripple CEO Brad Garlinghouse stated, 'It is understandable that investors have questions about the Ripple stocks purchased by Linqto. It should be noted that Linqto acquired 4.7 million shares of Ripple stock from other shareholders in the secondary market, without any direct transactions with Ripple. Apart from being a shareholder, Linqto has no business dealings with Ripple. Due to increasing doubts, we ceased approving further stock purchases by Linqto at the end of 2024.' (The Wall Street Journal)
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Link: Ripple CEO: Linqto Holds 4.7 Million Shares of Ripple Stock Purchased from Secondary Market, No Business Dealings with Ripple [Copy]
