Ripple vs. Linqto: The Billion-Dollar Share Scuffle You Won’t Believe!

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In a move that surprised absolutely no one who’s ever met a lawyer, Ripple has officially thrown a legal wrench into Linqto’s bankruptcy plans, effectively saying, “Nice try, but no 🎟️ to the public market for you!” The company filed a Reservation of Rights, politely (but firmly) blocking Linqto’s attempt to turn 4.7 million Ripple shares into a publicly traded fund-because nothing says “fun” like a courtroom showdown over private equity. 🚨

Ripple Plays Legal Keep-Away

Ripple, in its infinite wisdom (and love of privacy), reminded everyone that it chooses to remain a private company-kind of like how your eccentric aunt chooses to keep her collection of porcelain cats locked away from prying eyes. Allowing Linqto to toss Ripple’s shares into the public market, the company argued, would be like letting a toddler loose in a china shop: chaotic, messy, and likely to end in tears (and lawsuits).

Not only would this unauthorized share shuffle potentially distort Ripple’s valuation (because who needs accurate numbers, right?), but it could also leave existing shareholders staring at their portfolios like, “Wait, what just happened?” Ripple’s legal team, ever the voice of reason, basically said, “We’ll play nice-but not that nice.”

Court Drama: Coming Soon to a Bankruptcy Near You

Mark your calendars for October 3, 2025, when Linqto’s fate will be decided by Judge Alfredo Perez in Texas. Will Linqto get its financial act together? Will Ripple’s shares stay locked in their private treasure chest? Will anyone actually understand bankruptcy law by the end of this? Tune in to find out! 🍿

This hearing isn’t just about money-it’s about justice (or at least, the closest thing to justice you can get in a corporate bankruptcy). The court will untangle Linqto’s financial spaghetti, figure out who owns what, and-hopefully-prevent anyone from using customer-owned Ripple shares as Monopoly money ever again. (Looking at you, Linqto.)

Speaking of questionable financial decisions, let’s not forget Linqto’s previous courtroom misadventure in August 2025, where it tried to use customer shares as collateral for a $60 million loan-only to get smacked down by crypto lawyer John E. Deaton. Because, you know, that’s how you build trust in the financial system. 🤦‍♂️

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2025-10-03 09:03