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Ripple shareholder Linqto files for bankruptcy, first hearing to be held soon.
Linqto, a shareholder of Ripple, has filed for bankruptcy in the Southern District Court of Texas, with the first hearing expected to take place on Tuesday local time. Ripple CEO Brad Garlinghouse clarified last week that Linqto holds 4.7 million shares of Ripple's secondary stock but has no direct business relationship with the company.