John E Deaton
John E Deaton|Aug 13, 2025 15:55
REGARDING LINQTO: We just finished a status conference in the Linqto Bankruptcy case. The status conference was regarding the Debtor’s use of proceeds from selling @Ripple shares. The matter was continued for one week. I agreed that a one week continuance was a good idea. Please know this: I have filed an objection to the Debtor (Linqto) using customer money or shares of companies (ie @Ripple @circle etc) that are rightfully and equitably owned by customers. In my objection, I have described what is being attempted as an ATTEMPTED THEFT of customer funds and I have asked the court to impose a CONSTRUCTIVE TRUST thus, protecting the funds and shares from being collateralized or sold. Counsel for the Creditors Committee is working on an exit plan. I am privy to the details but I am bound by confidentiality for now. If we do not reach a settlement that is 💯 for the benefit of CUSTOMERS, I will be flying to Texas to die on the hill of Constructive Trust. The shares and funds belong to customers - NOT Linqto executives or Linqto shareholders. Period. I will provide more info as soon as I can.(John E Deaton)
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