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.