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Ripple Share Sales Spark Legal Battle: Linqto Accused of Fraud and XRP’s Market Stirs

  • Former executive, Gene Zawrotny, files a lawsuit against Linqto, accusing them of fraud, market manipulation, and other misconduct.
  • Zawrotny alleges that Linqto inflated its user base, engaged in insider trading, and manipulated share prices.
  • Linqto is accused of marking up share prices above FINRA recommendations and creating an artificial market.
  • Zawrotny seeks various damages, including an injunction and punitive costs, stating that his career and financial stability have been affected.

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