Ripple CEO Sets the Record Straight On Linqto’s Ties With Ripple and Refund Saga

Ripple CEO Brad Garlinghouse has publicly addressed growing concerns over Linqto’s sale of Ripple shares, following confusion among retail investors who believed they were purchasing equity directly from the company. His statement, shared via X, aims to clarify Ripple’s limited involvement with Linqto and distance the company from the ongoing refund controversy. Ripple’s Position on Linqto Share Transactions According to Garlinghouse, Linqto currently holds approximately 4.7 million Ripple shares. However, these shares were not acquired from Ripple itself, but rather through secondary market purchases from early Ripple shareholders. Ripple has never sold shares directly to Linqto at any point. Garlinghouse was unequivocal: Ripple has never had a business relationship with Linqto. The company did not authorize Linqto to sell its shares, did not partner with the platform in any official capacity, and did not include Linqto in any of its private funding rounds. Linqto’s role has always been that of a secondary market participant, not a Ripple-approved distributor. 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 Why Ripple Restricted Linqto Activity in 2024 Concerns over investor confusion and brand misrepresentation prompted Ripple to take action. In late 2024, the company made the decision to stop approving further secondary share purchases involving Linqto. While Linqto has promoted access to Ripple equity for years, the growing perception that these offerings were sanctioned by Ripple became increasingly problematic. This move was designed to protect Ripple’s corporate structure and ensure that potential future public listings or strategic events wouldn’t be clouded by misleading narratives about who represents the company and how its equity is distributed. The Refund Dispute and Investor Reactions The confusion escalated when some investors, under the impression they were buying directly into Ripple, began seeking refunds. In some cases, investors claimed they were misled by Linqto’s marketing language or misunderstood the nature of the shares they were buying. While Linqto has reportedly begun issuing refunds to certain buyers, Ripple has made it clear it has no involvement in these transactions and no influence over Linqto’s refund policies. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Garlinghouse emphasized that Ripple is not liable for any representations made by third-party platforms. The company did not authorize the resale of its shares to retail investors and has no financial obligations related to those purchases. A Wake-Up Call for Private Market Investors Garlinghouse’s statement serves as a stark reminder of the risks involved in secondary private equity markets. Platforms like Linqto often operate with limited oversight, and investors must exercise caution, conduct due diligence, and verify the legitimacy of any offering—especially when a major tech company like Ripple is involved. Ripple’s leadership remains focused on its core mission: delivering enterprise blockchain solutions and expanding global adoption of crypto infrastructure. The company is making it clear that it will not tolerate unauthorized use of its brand or involvement in resale markets that could jeopardize its credibility or mislead its community. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CEO Sets the Record Straight On Linqto’s Ties With Ripple and Refund Saga appeared first on Times Tabloid .

Source: TimesTabloid