Is Ripple at Risk? Garlinghouse Breaks Silence on Linqto Scandal
2025-07-03 04:50:21
Main Idea
Ripple is reportedly facing bankruptcy and investigations by the SEC and Justice Department over its sales practices, while its CEO clarifies that Linqto's issues involve Ripple shares, not XRP tokens.
Key Points
1. Ripple is under investigation by the SEC and Justice Department regarding its sales practices.
2. Ripple's CEO clarified that Linqto owns 4.7 million Ripple shares, not XRP tokens, and that Ripple's operations remain unaffected by Linqto's troubles.
3. Linqto, a private company associated with Ripple, is reportedly heading toward bankruptcy.
4. The WSJ reported that Ripple could be facing financial and legal challenges, though the company distances itself from Linqto's issues.
Description
The post Is Ripple at Risk? Garlinghouse Breaks Silence on Linqto Scandal appeared first on Coinpedia Fintech News In a new development, Linqto, an investment platform known for offering shares of private companies like Ripple, is reportedly heading toward bankruptcy. According to a Wall Street Journal report on June 30, the firm is also under investigation by both the U.S. Securities and Exchange Commission (SEC) and the Justice Department over its sales practices. Linqto made a name for itself...
Latest News
- WazirX Recovering Strong After $235M Cyberattack with New Plan2025-07-03 23:48:35
- Ripple vs SEC Lawsuit Update: Judge Approves Sealing Key Documents Amid Appeals Stage2025-07-03 23:48:35
- New Year, Big Wins: The Best Crypto to Buy Now for Maximum Growth in January 20252025-07-03 23:48:31
- Meme Coins to Buy This Week – Doge Uprising, FLOKI, and BONK2025-07-03 23:48:28
- Nollars Network (NOLA) Token To be Added to Top Cryptocurrency Exchange2025-07-03 23:48:26