Private investment platform Linqto has filed for Chapter 11 bankruptcy protection under U.S. bankruptcy law. The company also holds 4.70 million shares of Ripple purchased on the private market. Ripple CEO Brad Garlinghouse clarified last week that Linqto owns 4.70 million secondary shares of Ripple but has no business relationship with the company. Based on a secondary market stock price of $95.5, Linqto's holdings of Ripple stock may be worth approximately $450.00 million. [Foresight News]

Private investment platform Linqto has filed for Chapter 11 bankruptcy protection in the U.S. District Court for the Southern District of Texas. The company holds approximately 4.70 million shares of Ripple in the secondary market, with an estimated value of up to $450.00 million, but Ripple states that it has no business relationship with them. According to court documents, Linqto holds over $500.00 million in private securities assets through its investment vehicle, Liquidshares. The company closed its platform and terminated its revenue streams as early as March. [Cointelegraph]

Ripple shareholder Linqto files for Chapter 11 bankruptcy protection under U.S. bankruptcy law

On July 8 (UTC+8), July 8, private investment platform Linqto filed for Chapter 11 bankruptcy protection in the U.S. Southern District Court of Texas on Monday. The company holds approximately 4.70 million Ripple shares purchased on the secondary market, estimated to be worth approximately $450.0-500.0 million at current market value. Ripple CEO Brad Garlinghouse has clarified that the two companies have never had a business relationship other than Linqto being a shareholder. It was pointed out that Linqto's former CEO William Sarris attempted to sell Ripple shares to users at a price 60% higher than the purchase price, violating the SEC's regulation that markups should not exceed 10%. The company closed its platform on March 13 of this year and is facing ongoing SEC investigation. (Source: TechFlow) [MetaEra]

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Ripple shareholder Linqto has filed for bankruptcy protection

On July 8, Cointelegraph reported that private investment platform Linqto filed for Chapter 11 bankruptcy protection in the U.S. District Court for the Southern District of Texas on Monday. The company holds approximately 4.70 million Ripple shares purchased on the secondary market, estimated to be worth approximately $450.0-500.0 million at current market values. Ripple CEO Brad Garlinghouse has clarified that the two companies have never had a business relationship, other than Linqto being a shareholder. According to court documents, Linqto is in trouble for violating securities regulations, including improperly structuring its limited liability company and failing to obtain transfer permits from issuers such as Ripple. Previous reports indicated that former Linqto CEO William Sarris attempted to sell Ripple shares to users at a 60% premium over the purchase price, violating the SEC's rule that markups may not exceed 10%. The company closed its platform on March 13 of this year and faces ongoing SEC investigation. [Deep Tide TechFlow]

July 8th, according to Cointelegraph, Linqto is a private investment platform that allows investors to purchase shares of pre-IPO companies. The company has filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to disclosures, Linqto holds 4.7 million shares of Ripple acquired through the private market. This bankruptcy filing comes shortly after Ripple CEO Brad Garlinghouse's statement last week, where he clarified that while Linqto holds 4.7 million shares of Ripple's secondary market stock, it has no business relationship with Ripple. [BlockBeats]

Former Ripple Investor Linqto Files for Bankruptcy Restructuring

On July 8, Cointelegraph reported that Linqto, a private investment platform that allows investors to purchase shares in companies that have not yet gone public, has filed for Chapter 11 bankruptcy protection in the U.S. District Court for the Southern District of Texas. According to disclosures, Linqto holds 4.70 million shares of Ripple purchased through the private market. The bankruptcy filing follows a statement last week by Ripple CEO Brad Garlinghouse, who clarified that while Linqto holds 4.70 million secondary market shares of Ripple, it has no business relationship with Ripple. [BlockBeats]

Linqto, which once privately purchased shares of Ripple, has filed for bankruptcy reorganization.

Linqto, which previously privately purchased shares of Ripple, has filed for bankruptcy reorganization.

Ripple shareholder Linqto files for Chapter 11 bankruptcy protection

Ripple shareholder Linqto has filed for bankruptcy in the U.S. District Court for the Southern District of Texas, with the first hearing expected to be held on Tuesday local time. Ripple CEO Brad Garlinghouse clarified last week that Linqto owns 4.70 million shares of Ripple's secondary stock, but has no direct business relationship with the company. (Cointelegraph) [Odaily Planet Daily]

Ripple shareholder Linqto has filed for bankruptcy

Ripple shareholder Linqto has filed for bankruptcy following months of controversy around securities laws violations, with the first hearing expected on Tuesday.

Ripple shareholder Linqto files for Chapter 11 bankruptcy

私人投资平台Linqto已根据美国破产法申请第11章破产保护。该公司还持有470万股在私募市场购买的Ripple股票。Ripple首席执行官Brad Garlinghouse上周澄清，Linqto持有470万股Ripple二级市场股份，但与该公司没有业务关系。基于二级市场股票价格95.5美元计算，Linqto持有的Ripple股票市值约为4.50亿美元。[Foresight News]

Ripple的股东Linqto申请了第11章破产保护

私人投資平臺Linqto已根據美國破產法申請第11章破產保護。該公司還持有470萬股在私募市場購買的Ripple股票。Ripple首席執行官Brad Garlinghouse上週澄清，Linqto持有470萬股Ripple二級市場股份，但與該公司沒有業務關係。基於二級市場股票價格95.5美元計算，Linqto持有的Ripple股票市值約爲4.50億美元。[Foresight News]