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Ripple CEO clarifies relationship with Linqto stock trading
Gate News bot message, Ripple CEO Brad Garlinghouse made a statement regarding the recent situation with investment firm Linqto. He emphasized that the 4.7 million shares of Ripple held by Linqto all came from other shareholders in the secondary market, and there has never been any direct transaction between the two parties. Garlinghouse pointed out: "Apart from being a shareholder, Linqto has no business dealings with Ripple."
It is reported that Linqto, as an investment company providing private stock trading channels for ordinary investors, is currently facing a federal investigation and is in a bankruptcy crisis. Given the increasing related concerns, Ripple has terminated the approval for Linqto's further stock purchases by the end of 2024.