If you bought pre-IPO equities through the Linqto platform you’re likely concerned about when you’re getting your shares back. Will you recover what you thought was yours? Will you get cashed out at a discount or will you get your actual securities back? All of this remains uncertain now that Linqto has filed for Chapter 11 bankruptcy in the Southern District of Texas.

While Linqto claims to hold $500 million of shares in various SPVs, serious allegations of fraud, mismanagement, corporate governance failures and securities law violations cloud recovery prospects. As a result, many customers may be classified as unsecured creditors with recoveries tied to the company's pool of remaining assets. Claims from regulators are also likely to increase the liability pool, further reducing recoveries unless a settlement can be reached, which could take many months to work out.

Xclaim is the trusted platform for navigating bankruptcies like this. We help creditors understand their rights, track developments in the case, and — if desired — sell their claims for immediate cash recovery. We have facilitated $1 billion in trades and supported 10,000 claim holders in major cases such as FTX, Genesis Global, Voyager, Celsius, and BlockFi — and we're here to help you in Linqto as well.