Ripple CEO: All Ripple shares held by Linqto were purchased in the secondary market, and Ripple has no business dealings with them

ChainCatcher news, according to The Wall Street Journal, investment firm Linqto was the first to open private stock trading channels for ordinary investors, but is now facing a federal investigation due to its own business operations and may even file for bankruptcy.

Ripple CEO Brad Garlinghouse stated, "It is understandable that investors have questions about the Ripple stock purchased by Linqto. It should be noted that the 4.7 million shares of Ripple held by Linqto were all acquired from other shareholders in the secondary market and were never directly traded with Ripple.

Aside from being a shareholder, Linqto has no business dealings with Ripple. In light of the increasing doubts, we have ceased approving further stock purchases by Linqto as of the end of 2024."