BREAKING: XRP Advocate John Deaton Files Lawsuit Against Linqto for Alleged Investor Fraud

Crypto's courtroom drama escalates as XRP's bulldog attorney takes aim.

John Deaton—the lawyer who became a retail investor folk hero during Ripple's SEC battle—just dropped a legal grenade on private equity platform Linqto. The claim? Defrauding XRP holders in a $100M+ funding round. Because nothing says 'blockchain revolution' like old-school securities lawsuits.

The Allegations:

Deaton's filing alleges Linqto misrepresented partnerships and projected returns while selling unregistered securities. The platform reportedly promised access to pre-IPO unicorns... then allegedly funneled funds into shell companies. Classic 'move fast and break laws' energy.

Why It Matters:

This isn't just about one platform. It's a shot across the bow for crypto investment schemes banking on regulatory gray areas. With the SEC watching, the outcome could set precedents for how blockchain projects raise capital.

Funny how crypto's anti-bank rebels keep rediscovering why finance regulations existed in the first place. The closing argument writes itself: decentralized maybe, but accountability? That's still centralized in good old-fashioned courts.