Attorney John Deaton speaks out on Linqto's refund plans, highlighting unequal conditions for investors.
Concerns Over Refund Structure
Private investment platform Linqto halted operations in February 2025 amid regulatory scrutiny, leaving customers unable to access their funds. While the company claims client assets are secure, the form of any refund process remains unclear. Deaton points out that simply refunding initial investments without accounting for asset appreciation would represent a serious injustice.
Potential Gains for Linqto from Refunds
Deaton cited his investment in Circle worth $30,000, now valued at $157,000. He noted that returning only the original amount would unjustly allow Linqto to retain over $120,000 in gains. He also referenced Ripple’s June 2024 buyback at $175 per share, warning that if Linqto kept the appreciated equity while only refunding initial contributions, it would be deeply unfair.
Warning Against Opportunists
Deaton calls for collective resistance, stressing that the refund structure must reflect the current market value of shares acquired with user funds. He warns investors against opportunists offering to buy their positions at a discount, exploiting fear and frustration. Notably, while some assets may have lost value, others like Ripple and Circle have appreciated significantly.
John Deaton's stance underlines the need for transparent and fair refund processes for investors in Linqto, considering the real value of their assets.
