Ripple: The Ripple stocks held by Linqto, which is under federal investigation, were all purchased from the Secondary Market, with no additional business dealings.

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PANews, July 2 – According to the Wall Street Journal, investment company Linqto has pioneered private stock trading channels for ordinary investors, but now faces a federal investigation due to its own business operations and may even seek bankruptcy. Ripple CEO Brad Garlinghouse stated: "It is understandable that investors have questions about the Ripple stock purchased by Linqto. It should be noted that the 4.7 million shares of Ripple stock held by Linqto were all acquired from other shareholders in the Secondary Market and were never directly traded with Ripple. Aside from shareholder identification, Linqto has no business dealings with Ripple. In light of increasing doubts, we have ceased approving further stock purchases by Linqto as of the end of 2024."

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