XRP Lawyer Says Customers May Get A Complete Recovery, And Ripple CEO Rejected Any Link Star-news.press/wp

John Diton, the voice defender of the encryption investors and XRP holders, shared an optimistic look amid Linqto bankruptcy procedures. According to Deaton, customers may have a priority for stock shareholders, which may lead to complete recovery or large returns.

Linqto bankruptcy: Customers in the higher priority

In a conversation X postXRP John Deaton’s lawyer highlighted Linqto bankruptcy, as it provides a glimmer of hope for customers. Despite Linqto’s financial problems, John Deaton is still optimistic about clients, citing their first customers. He stated, “The great news is that there are no creditors in the queue before Linqto customers.”

Diton wrote, expressing his commitment to protecting customers from losses

Some people have their lives on the platform and I will do my best to make sure they are not losing. In fact, they must get more than the value of their initial investments.

Moreover, Deaton added that Linqto clients, including 11500 holders of the Ripple SPV unit, will be determined on the shares of Linqto in court. In addition, shares of investing companies such as Circle, Ripple and Spacex are calculated. He added that there will be an exception to 3 % of the shares of Ripple that were sold without customer knowledge; However, the money from this sale is available.

Moreover, Deaton revealed that six individuals-three former employees and three influencers calling for large investments on the platform. They claimed that they were ignorant of “Sengan” and the malicious in the platform that violates the laws of securities. He added,

The good news is that everything will be public and everyone will get to know who invested and what knows what. Interior emails and email messages can be to third parties, including advertising and marketing part of the process.

What happened to Linqto?

It is worth noting that Linqto, an investment platform based in San Francisco, is about to go bankrupt due to the allegations of illegal commercial practices and the violations of the Securities Law during the era of former CEO William Saris. The company, which allowed customers to purchase shares in private encryption companies such as Ripple and Circle through the previous stocks of PREPO, face investigations by SEC and USDJ.

SARRIS sold Ripple with a 60 % privilege without informing customers, which led to a $ 2 million profit. However, the CEO of Ripple Brad Garlinghouse explained that Linqto has acquired 4.7 million ripples of current shareholders in the secondary market, not directly from Ripple. He stressed that Ripple has no official commercial relationship with Linqto and has not sold any shares to the platform. Cto David Schwartz also presented this issue, saying: “You do not have stocks directly, but you have part of a legal entity that owns the shares.”

Linqto strategy is a strategy that raises investor concerns

Previously, John Diton has made warnings of the controversial Linqto money recovery strategy. Investors warned that they might lose great profits.

Miscellaneous, Linqto’s proposal to recover original investment amounts only anger among investors. In particular, investors who have invested in assets such as Ripple and Circle feel panic, as these shares have seen a significant increase in value. Deaton highlighted his own experience, as an investment of $ 30,000 in Circle has risen to $ 157,000, showing the potential losses that investors may face. This situation raised urgent questions about the investor rights and protection in the encryption space.