Ripple CEO confirms, ‘Linqto owns 4.7M shares’ – But denies any direct sale

• Ripple CEO denied direct connection to LinQto, but confirmed that the company has a 4.7 m ripple private stock.
• About 5k Ripple shareholders are reportedly unaccired investors.

Wave [XRP] was in another legal cross between LinQto, the Securities and Stock Exchange Commission (SEC) and the Ministry of Justice (DO).

According to Wall Street Journal (WSJ) magazine messageThe LINQTO platform reportedly aroused the Securities Act. The platform allowed retail investors to buy private shares in large start -ups before they reach the public (IPO).

CEO of Ripple explains LINQTO relations

According to the LINQTO report, he bought private Ripple stocks on the secondary market and sold them to non -accredited investors. In fact, it was also sold to investors from sanctioned countries with higher values.

In addition, the report claimed that some investors were not fully informed that they did not directly own the private shares of Ripple or other companies.

In fact, they owned “units” or shares of a specialized purpose vehicle (SPV), which had direct ownership of shares.

About 5,000 SPV Ripple investors are supposedly Unredited, the situation, former legislator John Deaton, called the “regulatory nightmare”.

Clarifying the attitude of ripple to this matter, CEO, Brad Garlinghouse, distant company from linqto and said,

“We know from our records that LINQTO owns 4.7 million Ripple shares, exclusively on the secondary market from other ripple shareholders (never directly from Ripple).”

Garlinghouse added that 4.7 million Ripple shares owned by LINQTO since the first shareholders were considerably appreciated.

In 2024, however, the company was blocked from the secondary markets of ripple shares for “growing skepticism”.

For the perspective XRP The token differs from Ripple shares. The private share of the ripple has increased by 320% and is now traded for $ 91, for HIV data.

Meanwhile, according to John Deaton, other companies such as Circle, Kraken, Anthropic AI and SpaceX also had stocks on the platform. Assured the safety of the shares of the ripple and added,

“Another great news is that all stocks of companies in which people have invested (circle, ripple, observance, Kraken, SpaceX, etc.) are present, the only objection is that 3% of Ripple shares that should be sold without people knowing – but funds related to this sale are there.”

In the middle of panic among investors Deaton said they would come first during bankruptcy installments.

It remains to see how the case develops and whether the involved investors will be re -created.