Linqto don enter Chapter 11 wit $450M Ripple stake as SEC dey investigate
Linqto don file Chapter 11 bankruptcy for Texas on July 8, 2025, show say dem get over $500 million assets, wey include $450 million Ripple position. Di Linqto bankruptcy come after SEC dey investigate unauthorised share transfer, bad securities structure, and selling inflated Ripple shares reach 60%, fit break SEC limit dem. Former Linqto executives dey face lawsuit for compliance failure and retaliation. Dem get bankruptcy hearing for Tuesday wey restructuring officers and debt advisors go talk. Ripple talk say dem no get formal partnership with Linqto outside share ownership and dem stop approve secondary share end of 2024 after FINRA review. Dis Linqto bankruptcy and SEC investigation show say secondary crypto market dey under more regulation. Crypto traders suppose know wetin dey risk for Ripple (XRP) trading and do better check well well.
Bearish
Di Linqto bankruptcy an SEC investigations dem introduce big uncertainty for Ripple (XRP). For short time, di allegation say dem dey jack price and dey move money wey dem no permit, plus lawsuit and say regulators dey watch, fit make traders lose confidence and make dem dey sell. For long term, even though Ripple main business no dey affect, di increased regulators for secondary market fit reduce liquidity and make compliance cost high. Dis kain continuing uncertainty fit put pressure wey go make XRP market performance go down.