Ripple shareholder Linqto has filed for bankruptcy

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]