Ripple share ownership is under intense scrutiny as Linqto rebukes viral misinformation, confirms its 4.7 million-share stake, and faces escalating regulatory and legal pressure.
Linqto’s 4.7M Ripple Shares Not Sold, Company Responds to False Reports
A social media claim regarding Ripple share ownership has drawn a public clarification from a secondary-market investment platform, highlighting the sensitivity of information in private equity markets. Linqto Inc., a San Jose-based private investing platform, confirmed on July 7 that it continues to hold 4.7 million Ripple shares through its affiliate, Liquidshares LLC.
The company issued the statement in response to a claim made by Capsign founder and CEO Matt Rosendin on social media platform X. Linqto stated: “A thread posted on X by Mr. Rosendin falsely indicated that a private equity fund being established by Capsign holds the 4.7 million of Ripple shares held by Liquidshares.” The company added:
Contrary to published reports on X, Linqto confirms that Liquidshares’ holdings of Ripple shares remain unchanged, and as confirmed by Ripple last week, Linqto continues to own 4.7 million shares
In addition to restating its ownership position, Linqto referred to a May 9 announcement that emphasized the continued security of platform assets. The firm encouraged customers to rely exclusively on its official website for verified information. It added that certain posts may be intended to provoke unnecessary fear and confusion in the market: “The Company strongly cautions Liquidshares customers to be wary of unsubstantiated reports issued by unscrupulous market participants that only serve to create fear, uncertainty and doubt.” Linqto noted that it reserves the right to pursue legal remedies in response to the incident.
Ripple CEO Brad Garlinghouse recently clarified that Ripple has no direct business relationship with Linqto, stating that Linqto acquired 4.7 million Ripple shares solely through secondary market transactions from existing shareholders. This statement comes amid Linqto’s recent Chapter 11 bankruptcy filing, which followed internal investigations revealing significant operational issues and alleged securities law violations.
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are currently investigating Linqto’s practices, including concerns that customers may not have legally owned the shares they believed they purchased. Garlinghouse emphasized that Ripple ceased approving Linqto’s secondary market transactions in late 2024 and has no control over Linqto’s business operations or the management of its investors’ holdings.
Source: Bitcoin
