XRP advocate attorney John Deaton has made serious accusations against Linqto, alleging the platform's attempt to keep profits rightfully belonging to investors.
Accusations Against Linqto
John Deaton accused Linqto of trying to keep profits that should belong to investors, which has caused outrage among users. Many fear losing returns from investments in private equity that have significantly appreciated.
Refund Situation
According to Deaton, Linqto’s plan to refund only the initial investment amount ignores the substantial gains investors made on assets like Ripple and Circle. He mentioned that his investment of $30,000 in Circle is now valued at $157,000, yet the platform would return only the original amount.
Investor Reactions and Potential Actions
In response to the situation, concerns about Linqto’s financial stability have arisen. Advocacy groups are applying pressure for explanations from the platform. Deaton warned of potential legal actions if Linqto attempts to reclaim profits from successful deals.
Deaton's accusations have intensified the situation surrounding Linqto, leading many investors to express dissatisfaction. Further investigation is expected to clarify the current state of affairs within the company.
