Ripple CEO, “Linqto has 4.7 million shares” – but he denies any direct sale star-news.press/wp

• Ripple CEO has denied direct participation with Linqto, but confirmed that the company carries 4.7 million shares, especially Reble.
• It is said that about 5,000 contributors are not accredited investors.

XRP She found itself in a legal shooting between Linqto, the Securities and Stock Exchange Committee (SEC), and the Ministry of Justice (Doj).

According to the Wall Street Journal (WSJ) a reportIt is claimed that the Linqto platform has faded the stock law. The statute of retail investors allowed the purchase of special shares in large startups before being exposed to the public (IPO).

Ripple CEO Linqto relations

According to the report, Linqto bought private Ripple shares from the secondary market and sold them to uncomfortable investors. In fact, it is alleged to be sold even to investors from countries that have been punished with higher values.

In addition, the report claimed that some investors have not been completely informed that they did not directly have the private shares mentioned in Ripple or other companies.

In fact, they own “units” or shares in a specialized target vehicle (SPV) that had a direct ownership of the shares.

About 5,000 SPV investors It is said Unspected, the previous position described John Diton as a “organizational nightmare”.

Clarify Ripple’s position on this matter, CEO, Brad Garlinghyus, Hate The company is from Linqto and said,

“What we know of our records is that Linqto has 4.7 million shares of Ripple, only purchased in the secondary market of other Ripple shareholders (unprecedented from Ripple).”

Garinghouse added that 4.7 million shares of Ripple owned by Linqto are the first shareholders.

However, the company was banned from the secondary market in Ripple Shares in 2024 due to “increasing doubts”.

For perspective, and Xrp The distinctive symbol differs from Ripple shares. On an annual basis, the Ripple Private share increased by 320 % and is now $ 91, for each Hiive Data.

Meanwhile, according to John Diton, other companies such as Circle, Kaken, Antropic AI and Spacex have shares on the platform as well. The safety of the rippal shares and Addand

“Other great news is that all shares of companies invested by the people who invested in them (Circle, Ripple, Offer, Kaken, Spacex, etc.) are present and were calculated.

In the midst of panic among investors, Deaton stated that they would first attend the bankruptcy.

It remains to see how the issue will develop and whether the affected investors will completely make again.