John E Deaton
John E Deaton|Mar 27, 2025 23:04
LINQTO ZOOM: Unfortunately, a hacker joined the zoom call and interjected it with pornography and we had to end the call. Some morons love ruining things for everyone. I was recording the session and intended to post it for those locked out or who could not attend but I won’t now because of the compromised video. I will set up a conference call and we will try this again, not on zoom. I apologize that people had to be subject to that nonsense. I informed people that prior to placing substantial funds on the platform I had used Linqto myself to purchase pre-IPO shares of @SoFi. Once SoFi went public, Linqto transferred my shares into my Charles Schwab account. Everything worked perfectly. After that successful experience, I purchased more shares of other companies and have placed substantial funds on the platform. I’m receiving emails from folks who feel embarrassed and fearful that they were suckered into a scam. There is no reason to beat yourself up for investing on the platform. I did as well. This is NOT an @SBF_FTX @FTX_Official scenario. A new Executive Team was brought in to take over Linqto management. There are currently some regulatory compliance issues being dealt with, including working with the @SECGov. The new CEO of @linqtoinc reached out and spoke with me today. What I communicated in the short video tonight was that I believe everyone’s funds, including mine, are safe in an appropriate account. Private equity shares of the companies you (and I) acquired (eg @Ripple @circle @krakenfx) are where they’re supposed to be. After speaking with the CEO, it seems as though bankruptcy is not imminent or expected, although one can never rule it out. But even if Linqto filed for bankruptcy, our shares of companies SHOULD be safe and protected. In fact, if there was a bankruptcy filing, and one of the companies on the Platform (Circle, Kraken or Ripple) were to go to market, your and my shares should still go into our brokerage accounts as planned. From my understanding, the compliance issues being dealt with are AML/KYC matters and they’re being resolved and I was led to believe that the Linqto business is expected to resume sometime in the near future. The CEO seemed to acknowledge that the situation and vague communication have caused many customers to become unnerved, anxious and angry. He communicated that he hopes to provide more information and clarity soon. That is, in essence, is all I know. There is a lot of misinformation online. If we need to take legal action to protect our investments, we will, but that doesn’t seem to be the case right now. I hope this gives many of you some relief although I clearly do not have all the answers to all of our questions. Like I said, I will set up a conference call to make up for the absolute disaster of a zoom call. JD ✌️
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