Ripple CEO: Linqto's 4.7 million Ripple shares were purchased from the secondary market, and Linqto has no business dealings with Ripple

Odaily News Linqto, an investment company that pioneered private stock trading for ordinary investors, is now facing federal investigations for its business practices and may even file for bankruptcy. Brad Garlinghouse, CEO of Ripple, said: "It is understandable that investors have questions about the Ripple shares purchased by Linqto. It should be noted that the 4.7 million Ripple shares held by Linqto were purchased from other shareholders in the secondary market and have never traded directly with Ripple. In addition to being a shareholder, Linqto has no business dealings with Ripple. In view of the increase in doubts, we have stopped approving further stock purchases by Linqto at the end of 2024." (Wall Street Journal)