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Ripple Shareholder Linqto Files for Bankruptcy

Summary: According to reports, Ripple shareholder Linqto has filed for bankruptcy in the Southern District of Texas, with the first hearing scheduled for Tuesday. Ripple CEO Brad Garlinghouse clarified last week that Linqto holds 4.7 million shares of Ripple's secondary stock, but has no direct business relationship with the company.

According to reports, Ripple shareholder Linqto has filed for bankruptcy in the Southern District of Texas, with the first hearing scheduled for Tuesday. Ripple CEO Brad Garlinghouse clarified last week that Linqto holds 4.7 million shares of Ripple's secondary stock, but has no direct business relationship with the company.

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