Ripple Shares Are Safe Despite Linqto Bankruptcy, Says John Deaton
2025-07-03 05:03:10
Main Idea
The collapse of Linqto has impacted crypto's private equity sector, with Ripple confirming ownership of shares held by Linqto, while investors remain prioritized in the bankruptcy proceedings.
Key Points
1. Linqto's collapse has affected investors who bought into Ripple, Circle, Kraken, and SpaceX through its SPV accounts, with 11,500 people involved.
2. Ripple CEO Brad Garlinghouse confirmed Linqto owns 4.7 million Ripple shares, clarifying they were acquired through secondary business ties and not part of resale schemes.
3. Investors are prioritized in the bankruptcy, with no major creditors standing ahead of customers.
4. Ripple repurchased shares in June 2025 at $175 each, and Circle holdings reportedly grew sixfold.
5. Former employees and the Wall Street Journal suggested Linqto's CEO may be using bankruptcy strategically, but cooperation could expedite resolution.
Description
The post Ripple Shares Are Safe Despite Linqto Bankruptcy, Says John Deaton appeared first on Coinpedia Fintech News The Linqto collapse has sent shockwaves through crypto’s private equity investment world, especially among retail investors with holdings in Ripple, Circle, and SpaceX via SPVs on the platform. Amid finger-pointing and fear, attorney John Deaton is now stepping into the chaos, not just with commentary, but a promise to fight for those affected. MY RESPONSE TO ALL THE EXPERTS REGAR...
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