John E Deaton
John E Deaton|12月 18, 2025 20:30
REGARDING LINQTO: Below is part of the transcript from the last hearing before Judge Perez. There have been several inaccurate statements made, regarding the Linqto Bankruptcy Plan. You don’t have to take my word for it - read what the judge said for yourself. 👇👇 It’s been stated by some that, as of right now, it’s been decided that we, as customers, own the underlying shares of Ripple, Kraken, Circle, etc. That statement is simply NOT accurate. I filed a motion arguing that customers are the true equitable owners and that the judge should find in our favor that the shares are held in a Constructive Trust. The Debtor’s position is that Linqto owns those shares. As the judge stated on the record it is a contested issue that led to the settlement - which has elements of a Constructive Trust built in it. We settled the matter to avoid eating up all the customer funds. The Judge stated: “like the one filed by Mr. Deaton, where you'd literally would have to join all unit holders and the assets in my mind would be significantly dissipated before that ever happened.” On the next page, when addressing @KuwlShow’s question, the judge acknowledges how we avoided a three year battle “where all the money would have been spent.” Statements have been made by some folks that by voting for the plan you give up your property rights. Also, Not true. In fact, the Judge states that if the plan is approved “you’re being treated as - to the extent you want to - if the plan is confirmed, you’re being treated as if you own the property.” I hope that clears up some of the confusion. I will hold a spaces over the weekend to address these and other issues.(John E Deaton)
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