ABOUT FREE LINQTO
We are a group of Linqto customers who seek to save and restore the company’s founding principles and ensure its continued existence in response to very troubling developments in the company’s management.
These developments pose a direct threat to Linqto’s approximately 14,000 customers — and the very future of the company itself — but we are confident that together we can “free Linqto” and protect all our investments.
Linqto was founded five years ago with the mission of democratizing the private equity space. Financially in the black within three months of its launch — and every month since, until very recently — Linqto enabled its customers to take advantage of private equity investing in small increments amid the growing crypto space, with nearly 75% of its customers holding equity in Ripple.
Unfortunately, Linqto’s current management has demonstrated a coordinated pattern of behavior that puts Linqto and its customers at risk. Linqto’s platform was cash-positive and operationally sound before the new management’s arrival. Its seeming path towards insolvency appears to be the result of deliberate sabotage and/or an undisclosed restructuring. The threat is existential—not only to the company, but to 14,000+ customers, particularly those directly holding Ripple equity (SPVs).
Customers’ assets have been frozen by management since February 27, 2025. The company’s operative reserves have been rapidly drained, and its revenue streams cut off. Left unchecked, we fear that the management will execute a premeditated collapse that strips, or radically alters, the original intent of retail investors, putting into question their rightful gains while enriching the current CEO’s competing company, or some yet to be disclosed entity. The time to act is now.
THE TAKEOVER & CONFLICTS OF INTEREST
Linqto’s new CEO, a Stanford Law professor and co-founder of rival fintech company Nikkl, was brought into Linqto under the guise of strategic support and the eventual acquisition of Nikkl by Linqto. The acquisition of Nikkl was never consummated. Despite this, CEO responsibilities were assumed at Linqto while maintaining significant equity ownership in Nikkl — a direct competitor. This dual role presents an undisclosed and irreconcilable conflict of interest.
For over five years, the company operated profitably, generating steady revenue and maintaining positive cash flow quarter after quarter. That trajectory changed dramatically approximately 100 days ago, following a shift in control.
Since then, management has:
Terminated a substantial portion of the workforce, including key senior executives
Shut down all retail platform operations
Retained multiple attorneys, including bankruptcy specialists
Rapidly drawn down company reserves, significantly reducing available capital
Repeatedly misrepresented the regulatory landscape to justify operational paralysis — citing SEC “restrictions” that do not exist.
The cumulative impact of these actions raises serious concerns about whether fiduciary obligations are being upheld and if shareholder interests remain a priority.
While the CEO has made public and internal claims that “bankruptcy is not the goal,” his strategic decisions suggest a clear and concerning direction:
- One of the new CEO’s earliest strategic actions was to introduce Chapter 11 as a serious consideration — despite Linqto having no debt and significant cash reserves at the time.
- He has hired bankruptcy-focused counsel.
- He proposed SEC settlements structured to force insolvency, including unnecessarily reimbursing investors for unrealized losses and assuming exaggerated liability.
FREE LINQTO: COMMUNITY AT RISK & GLOBAL FALLOUT
Linqto’s customers hold ~3% of Ripple private equity through SPVs. These retail investors have already lost access to their positions due to the shutdown of the platform. Now, they face the added risk of being coerced into transferring those positions to Nikkl at steep discounts — under the guise of a “rescue.”
The incident hauntingly resembles prior manipulations like ETHGate.
As the largest SPV aggregator of Ripple equity, Linqto’s collapse would not only damage retail trust but may trigger legal and reputational consequences far and wide, the world over.
DO YOU BELIEVE IN?
1. TOTAL TRUTH & TRANSPARENCY
2. TURNING OUR PLATFORM BACK ON
3. CONFLICT FREE EXECUTIVES
4. RESTORATION OF TRUST
5. WEALTH FOR ALL RETAIL INVESTORS
6. LEVEL ACCOUNTABILITY PLAYING FIELD
7. OPEN COMMUNICATION WITH CUSTOMERS
8. NO JUSTIFICATION FOR BANKRUPTCY
9. INTEGRITY FIRST & ALWAYS