Linqto’s bankruptcy filing has sparked a legal battle with Ripple, the company’s lawyer challenging the plan and highlighting no financial risk to Ripple’s assets or XRP token. The private investment platform filed for Chapter 11 in July 2025 amid investigations into its handling of private equity investments in Ripple and other companies, causing concerns within the crypto investment sector. Ripple emphasizes it has no business relationship with Linqto beyond shareholder status. CEO Brad Garlinghouse states that Ripple has never engaged in business activities with Linqto, including participation in fundraising rounds. The situation raises questions about regulatory compliance and transparency within the cryptocurrency market.