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    Home»Markets»Ripple CEO Denies Troubled Funding Agency Linqto Ever Purchased Ripple Shares Immediately
    Ripple CEO Denies Troubled Funding Agency Linqto Ever Purchased Ripple Shares Immediately
    Markets

    Ripple CEO Denies Troubled Funding Agency Linqto Ever Purchased Ripple Shares Immediately

    By Crypto EditorJuly 2, 2025No Comments3 Mins Read
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    • Ripple CEO’s clarification of Linqto difficulty
    • John Deaton’s remark about Linqto

     Brad Garlinghouse, the Ripple chief government officer, has stepped in to set issues straight concerning the allegedly direct enterprise relations between Ripple and funding agency Linqto which has been beneath fireplace from regulators and would possibly file for chapter quickly.

    Garlinghouse was not the one one who has commented on this example just lately – Ripple CTO, David Schwartz, and a well-known Ripple advocate John Deaton have additionally shared their takes on this difficulty.

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    Ripple CEO Denies Troubled Funding Agency Linqto Ever Purchased Ripple Shares Immediately

    Ripple CEO’s clarification of Linqto difficulty

    Brad Garlinghouse admitted that there have been many questions from buyers “who believed they had been shopping for Ripple shares from Linqto” concerning the present state of affairs with the funding agency. It’s at present beneath federal investigation and may need to file for chapter, in accordance with a just lately printed Wall Road Journal article – that is what the Ripple CEO cited in his tweet.

    Garlinghouse mentioned that from what he is aware of Linqto certainly owns 4.7 million pre-IPO shares of Ripple which had been acquired by the agency on the secondary market “from different Ripple shareholders.” He harassed that Ripple has by no means offered its shares to Linqto instantly.

    Understandably, there have been many questions from those that believed they had been shopping for Ripple shares from Linqto, and what occurs subsequent. To be clear, on Ripple’s finish:

    What we all know from our information is Linqto owns 4.7M shares of Ripple, solely bought on the secondary market… https://t.co/XHstpwwmIL

    — Brad Garlinghouse (@bgarlinghouse) July 2, 2025

    He additionally underscored that “Ripple has by no means had a enterprise relationship with Linqto” and the agency by no means took half in Ripple’s financing rounds. The CEO mentioned that Ripple stopped approving Linqto from shopping for extra of its shares on secondary markets on the finish of final 12 months for the explanation of “rising skepticism.”

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    Title news

    John Deaton’s remark about Linqto

    The primary launched in 2017, permitting retail buyers to purchase pre-IPO shares of corporations. Thus, it attracted greater than half a billion in investments. Nonetheless, its aggressive advertising and marketing campaigns made regulators involved, elevating a number of pink flags.

    The corporate has been accused of pervasive securities-law violations and promoting inventory to uncredited buyers, attracting the eye of the SEC.

    When commenting on this example, John Deaton wrote that “SEC Enforcement Division is closely concerned.” He additionally defined that Linqto offered not pre-IPO shares of Ripple however reasonably “shares/models of a Particular Function Car (SPV) in Ripple”. Out of the agency’s 13,000 prospects, 11,500 purchased these SPVs, considering they had been buying Ripple shares.

    “4-5,000 of these SPV Ripple buyers are non-accredited, which makes this a regulatory compliance nightmare,” Deaton concluded.





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