Pro-XRP Lawyer Drops Bombshell: Securities Fraud Class Action Targets Linqto Founder

Another day, another crypto legal firestorm—this time with a pro-XRP attorney leading the charge. A securities fraud class action just landed like a grenade on the desk of Linqto's founder, and the industry is bracing for fallout.

Legal lightning strikes

The lawsuit—filed by a heavyweight crypto defender—alleges securities violations that could rattle the private investment platform's foundations. No specifics disclosed yet, but the plaintiff's XRP advocacy history suggests this won't be a slap-on-the-wrist settlement.

Private markets meet public reckoning

Linqto, which specializes in pre-IPO investments, now faces scrutiny over whether its offerings crossed the Howey Test's bright red lines. The case could force clearer rules for crypto-adjacent platforms—or prove yet another payday for lawyers in an industry that minted more lawsuits than millionaires last year.