
John E Deaton|Aug 19, 2025 15:36
REGARDING LINQTO:
At today’s hearing in the bankruptcy court in Texas, the Counsel for the Debtor (@linqtoinc) and Counsel for the Creditors Committee announced a settlement.
The 60M DIP loan using customer shares of @Ripple @circle @krakenfx @UpholdInc etc is now off.
My motion objecting to the DIP loan and asking the Judge to impose a Constructive Trust ruling in effect Linqto does not own the shares and therefore cannot collateralize those shares will NOT be litigated.
This is GREAT NEWS. I will do a Spaces at 7PM EST Today to explain.(John E Deaton)
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