Ripple: Linqto, who is under federal investigation, purchased Ripple stocks from the secondary market without any additional business dealings

According to The Wall Street Journal, investment firm Linqto was the first to open up private stock trading channels for ordinary investors, but now faces federal investigations and may even file for bankruptcy due to its own business operations. Ripple CEO Brad Garlinghouse stated, 'It is understandable that investors have doubts about the Ripple stock purchased by Linqto.'. It should be noted that Linqto's 4.7 million shares of Ripple stock were purchased from other shareholders in the secondary market and have never directly traded with Ripple. Linqto has no business dealings with Ripple except as a shareholder. Due to increasing doubts, we have ceased approving further stock purchases of Linqto by the end of 2024