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XRP News: Linqto Stands Firm on Ripple Holdings, Threatens Legal Action Against False Reports

  • Linqto, a San Francisco-based investment platform, refuted bankruptcy rumors and false claims, suspending its activity amidst a SEC and DOJ probe.
  • Ripple confirmed that Linqto owns 4.7 million shares but emphasized no direct connection or ongoing relationship between the two entities.
  • Linqto reassured investors about the security of their shares, implemented a new management team, and engaged a third-party firm for risk analysis.
  • As Linqto faces investigations for compliance violations, Ripple distanced itself from the troubled firm, maintaining no active trading relationship since 2024.

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