Oh dear, it seems like someone’s been spreading some rather… creative… rumours about Linqto, the San Francisco-based investment platform 🤔. On Monday, they released a statement that was basically a giant eye-roll at Matt Rosedin, Founder and CEO of CapSign 🙄. Apparently, he’d shared a post on X claiming that a private equity fund being set up by CapSign held 4.7 million Ripple shares held by Liquidishares. Yeah, nope, not true 🙅♀️.
Let’s Get This Straight: Ripple And Linqto
So, back in June, there were reports that Linqto was on the verge of bankruptcy 🚨. And, of course, Mr. Rosendin just had to go and fan the flames with some false info about his company, CapSign, holding $4.7 million of Ripple 💸. Because, you know, who needs facts when you can just make stuff up? 🤷♀️
Linqto, understandably, was all, “Uh, no, that’s not true” 🙅♀️. They said, “Contrary to published reports on X, Linqto confirms that Liquidshares’ holdings of Ripple shares remain unchanged” 📊.
Ripple Rides to the Rescue
As you can imagine, people were getting a bit worried about their Ripple shares, what with all the bankruptcy rumours and all 😬. So, Ripple CEO Brad Garlinghouse stepped in to clear things up 🙏. He said, “What we know from our records is Linqto owns 4.7M shares of Ripple, solely purchased on the secondary market from other Ripple shareholders (never directly from Ripple)” 📝.
And, just to make things crystal clear, he added that Ripple has no connection with Linqto, other than being a shareholder, and that they stopped trading with them in 2024 🚫.
Linqto’s Got This
Linqto, meanwhile, is all about reassuring everyone that their shares are safe and sound 🙏. They’ve got a new management team in place to make sure everything is secure 🔒. And, just to be extra sure, they’ve hired an independent third-party analyst firm to review their internal analysis and check for any risks 📊.
They’re also cooperating with regulators and have suspended their transactions until further notice 🚫.
The Final Word
So, there you have it. Linqto’s currently under investigation by the SEC and DOJ for some dodgy sales practices 🚔. But, until everything is cleared up, Ripple’s keeping its distance 👋.
Read More
- Grayscale’s Big Boss Barry Silbert Returns With Big Plans and Even Bigger Drama
- Gold Rate Forecast
- Brent Oil Forecast
- Silver Rate Forecast
- SOL PREDICTION. SOL cryptocurrency
- USDT Says Au Revoir to Five Blockchains 🚫
- Robinhood’s Costly Deception: Florida AG Digs Deep into Retail Trading Allegations
- Big Banks Drown in $172B of Unrealized Losses: A Financial Fiasco 🏦💰
- Bitcoin’s Crypto Crisis!
- Ethereum’s Gas Limit: Pumping to 45M – The Great Galactic Gaffe
2025-07-08 10:52