Celsius. FTX. Linqto. Same Story Again? Millions Lost. Garlinghouse Responds?

https://t.co/MqRiAV9rV2

— Badass Yetis (@badassyetis) July 3, 2025

Understandably, there have been many questions from those who believed they were buying Ripple shares from Linqto, and what happens next. To be clear, on Ripple’s end:

What we know from our records is Linqto owns 4.7M shares of Ripple, solely purchased on the secondary market… https://t.co/XHstpwwmIL

— Brad Garlinghouse (@bgarlinghouse) July 2, 2025

I have xai shares through Linqto, seems I cant pull funds but Im curious if the allocation to investment is affected..2500 loss..small potatoes compared to most..I was not expecting this at all. Hope it gets better

— Cryptonian.xrp (@Crypto_DAP) July 2, 2025

Super Ugly @linqtoinc Update
With bankruptcy coming in days, "expect customers will likely be transformed into unsecured creditors who will have to wait in line to get paid."

From boiler room sales tactics to selling to customers in Iran & North Korea, there were many more… pic.twitter.com/UQz5yeQirt

— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) July 1, 2025

Tomorrow, I’ll explain why I called the @linqtoinc situation (i.e. imminent Bankruptcy) a total clusterfuck. For one, there are approximately 13-14,000 Linqto customers.

About 11,500 of those 13-14K customers, purchased shares/units of a Special Purpose Vehicle (SPV) in… https://t.co/L8qQtynIte

— John E Deaton (@JohnEDeaton1) June 30, 2025

Correct. After likely civil penalties are paid, there will be a bit of cash. I imagine it’s possible Sullivan & Cromwell will manage after what appears to be a bankruptcy. They always get paid, so do they show a case to pierce the veil on the SPVs in a structured unwind, to pay… https://t.co/0mcEcNQ52g

— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) June 30, 2025