Linqto sticks to Ripple Holdings and threatens legal action against false reporting

On Monday, San Francisco-based investment platform Linqto issued an official statement denying the misinformation shared by Capsign founder and CEO Matt Rosedin. A post shared by Rhodesian on X falsely showed that the private equity fund established by Capsign holds 4.7 million shares held by Liquidishares.

Statement Clarity: Ripple and Linqto

In June it was reported that investment company Linqto was heading for bankruptcy. After Rosendin encouraged false information that his company Capsign owned $4.7 million in ripple, the report gained more credibility and further increased the false idea of ​​Linqto’s bankruptcy.

Linqto denied the false statement that Rosendin shared by saying, “Contrary to the published reports on X, Linqto confirms that Riquidshares’ holdings of Ripple shares remain the same.”

Ripple intervened to confirm LinqTO strains

With growing speculation on Linqto’s bankruptcy report, users feared that ripple stocks purchased through Linqto would be at risk. Ripple CEO Brad Garlinghouse revealed Ripple CEO Brad Garlinghouse reveals the confusion in Ripple’s connection with Rinqto. He said –

“All we know from our records is that Linqto owns 4.7 million shares of Ripple and only bought them in the secondary market from other Ripple shareholders (directly from Ripple).

In addition to being a shareholder, Gerlinghouse also said that Ripple had no ties with Linqto and that in 2024, transactions between them ceased in 2024 amid growing concerns.

Linqto checks stock security

Linqto explained that the company is incorporating a new management team to ensure that private companies’ investments are protected. It also revealed that Linqto has maintained an independent third-party analyst company to review internal analytics and confirm the risks.

Linqto prioritizes cooperation with regulators for ongoing investigation into non-compliance violations. Our transactions will remain suspended until further notice is issued by the authorities.

Final Thoughts

Currently, Linqto is under investigation by both the Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ). Until legal clarity is confirmed in Linqto, Ripple maintains its distance from troubled companies.