Ripple CEO Breaks Silence on Linqto Scandal “No Business Relationship”

As investor panic spreads through the XRP community, Ripple CEO Brad Garlinghouse has broken his silence, offering a firm statement that sets the record straight on Ripple’s involvement with troubled private equity platform Linqto.

In a tweet that comes amid mounting scrutiny and a potential bankruptcy filing at Linqto, Garlinghouse wrote:

“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 from other Ripple shareholders (never directly from Ripple).”

That line says a lot about the controversy that is flaring up. Read on for all the clarity you need. 

Linqto in Crisis Mode

Linqto, once touted as a gateway for retail investors to access high-profile private companies like Ripple and Circle, is now facing federal investigations and a looming financial collapse. The platform abruptly halted operations, froze user accounts, and sparked outrage with a proposed refund model that only returns original investments, cutting investors off from any profits made.

Garlinghouse: “No Business Relationship” With Linqto

Garlinghouse didn’t stop at clarifying share ownership. He added:

“Apart from Linqto being a shareholder, Ripple has never had a business relationship with Linqto, nor have they participated in our financing rounds. We stopped approving more Linqto purchases on secondary markets in late 2024 amid growing skepticism.”