Pro-XRP Lawyer John Deaton Makes One Thing Clear about Linqto Refund Plan

A growing number of Linqto users are demanding answers, and attorney John Deaton has made one thing clear: returning investors’ initial contributions without accounting for asset appreciation would be a serious injustice.

In a detailed post on X, Deaton highlighted what he views as a deeply flawed refund scenario that would see Linqto benefit from the very investments its users funded.

Concerns Over Refund Structure

Linqto, a private equity investment platform, halted operations in February 2025 amid regulatory scrutiny. Since then, customers have been unable to access their funds. While the company insists client assets remain secure, the broader concern is what form any refund process will take.

Deaton, a vocal XRP advocate who challenged Elizabeth Warren for her Senate seat, warned that simply reimbursing principal investments would allow Linqto to pocket the substantial profits earned from pre-IPO shares of companies like Ripple and Circle.

Is Linqto Profiting at the Expense of Its Users?

Deaton pointed to his $30,000 investment in Circle, now worth $157,000, arguing that a refund of only the original amount would unjustly allow Linqto to keep over $120,000 in gains. He emphasized that he didn’t invest so Linqto could profit from his capital.

He also referenced Ripple’s June 2024 buyback at $175 per share, noting his average purchase price was just $33. Many investors entered even lower. If Linqto kept the appreciated equity while returning only initial contributions, Deaton said the financial windfall it would retain would be unacceptable and deeply unfair to those who funded the purchases.

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Warning Against Opportunists

Deaton’s position is not personal. He’s calling for collective resistance. He warned that any refund structure must reflect the current market value of the shares acquired with user funds, not just the entry price.

The crypto space is filled with scammers and opportunists looking to benefit from others, and while Linqto may not resemble popular scam attempts, its actions are a breach of trust and ethics. Deaton stated that he won’t allow those responsible to “benefit from screwing us over,” reflecting the anger now fueling investor backlash.

Deaton warned investors to be wary of opportunists offering to buy their positions at a discount, aiming to exploit fear and frustration. He urged users not to act out of desperation, especially while the true value of assets remains far above original investment levels.

While some assets like Polysign may no longer hold value, Deaton stressed that others, particularly Ripple and Circle, have seen significant gains. Ignoring that in any refund plan would unfairly benefit the wrong party.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent BitcoinLinux’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. BitcoinLinux is not responsible for any financial losses.

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