Lawyer and XRP advocate John Deaton warned that reimbursing original investments in profitable assets through LINQTO will allow users to earn a massive amount of profit.
Deaton, who invested $30,000 in Circle via Linqto and now focuses on a $157,000 position, says such a refund will allow the platform to maintain its growth rate of over $120,000, which belongs to investors.
In particular, Linqto customers are requesting answers after the investment platform freezes user accounts and stops operations on February 27th for each GlobeNews.
Refund plans may support the platform rather than the investors
In X's post, Deaton argues that reimbursing initial investments in assets like Ripple and Circle is both highly valued, making Linqto unfairly rich.
Related: Wall Street experts have identified May 2024 as the “best date” of Ripple's IPO
“I didn't invest in Linqto to kill my money,” he said. He emphasized that investors are ready to challenge plans to steal their legitimate interests.
He explained that when Ripple made a buyback in June 2024, it offered $175 per share. The average cost for Deaton was $33. By reimbursing users at the input price, LinqTO can benefit from the increased stock value that investors have acquired.
Impact major reveal
In a previous post, Deaton described Linqto's situation as “ClusterFuck.” He said there is a high chance that a detailed article examining the platform's operations will be published in the coming days. The announcement has attracted attention, particularly from members of the XRP community who have used LinqTO to invest in pre-IPO companies like Ripple.
Related: Ripple CEO is blown hot and says, “Everything the SEC cares, they've lost.”
Meanwhile, Rob Cunningham, founder of advocacy group Free Linqto, said users are concerned that the company's reserves have been drained and operations have been suspended due to uncontrollable or deliberative actions.
Rinqto is known for providing access to Private Equity, including a reported 3% stake in Ripple Labs, but is currently facing pressure to restore transparency and protect more than 14,000 users.
The failed project was another case, urging the community to be careful of opportunists.
Deaton admitted that some users were obviously frustrated, but he drew a clear line between failed and profitable projects.
For example, he described Polysign as “valuable,” suggesting that a refund for that investment could be guaranteed. However, applying the same logic to successful transactions is unfair and deceptive.
Deaton also warned that third parties may attempt to exploit the situation by preying on emotionally invested investors. He warned him for a sellout out of fear and frustration, urging users to be wary of offers to underestimate their stock.
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