Investment platform Linqto has released an official statement denying misinformation shared by CapSign's CEO Matt Rosendin regarding Ripple shares, which led to speculations about the company's bankruptcy.
Linqto's Denial and Its Implications
Linqto stated that the information spread by Rosendin, which claimed CapSign's private equity fund holds 4.7 million Ripple shares, is inaccurate. "Contrary to published reports, Linqto confirms that Liquidshares’ holdings of Ripple shares remain unchanged," the company noted.
Ripple's Position on Linqto Shares
In light of bankruptcy rumors, Ripple CEO Brad Garlinghouse clarified that Linqto owns 4.7 million Ripple shares purchased on the secondary market. He also emphasized that there is no direct business relationship between Ripple and Linqto, with trading having been halted in 2024.
Current Situation with Linqto and Investigations
Linqto is facing serious challenges, including investigations by the SEC and DOJ. The company is seeking structural changes and working with regulators concerning compliance. All transactions remain suspended until further guidance is received from authorities.
The situation with Linqto highlights the importance of fact-checking in the investment space, particularly amidst widespread skepticism and investigations. As the SEC and DOJ's inquiries are ongoing, Ripple is distancing itself from Linqto.
