In a recent post on X, Panos Mekras, co-founder of Anodos Finance, expressed deep concern over the recent controversies surrounding Linqto, a platform known for offering pre-IPO investment opportunities, including shares of Ripple. Mekras highlighted that many within the XRP community were influenced by prominent XRP influencers and YouTubers to invest in Linqto, only to face potential setbacks due to alleged malpractices by the platform.
Allegations Against Linqto
The investment platform Linqto has recently come under scrutiny following a lawsuit filed by its former Chief Revenue Officer, Gene Zawroty. The lawsuit, filed in California, accuses Linqto and two of its executives of multiple claims, including fraud and market manipulation. The allegations suggest that the company may have engaged in deceptive practices, potentially misleading investors about the value and security of their investments.
Seeing all the shady stuff going on with Linqto, makes me sad and mad. So many people from the XRP community fell for it and followed the advice of the top usual XRP influencers & youtubers. It proves once again my point that these people are only here to take advantage of the…
— Panos
{X}
(@panosmek) March 16, 2025
Further compounding these concerns, reports indicate that Linqto is facing legal challenges over alleged fraud and market manipulation. These allegations have sent ripples through the XRP community, prompting calls for greater vigilance and accountability.
The Role of Influencers and Community Leaders
Mekras’s message underscores a broader issue within the cryptocurrency community: the influence of prominent figures and the potential consequences of their endorsements. He argues that some influencers may prioritize personal gain over the well-being of their followers, leading to misguided investment decisions.
This sentiment is echoed by other community members who feel that certain leaders exploit their positions to extract value from the ecosystem without genuine regard for their audience’s interests.
A Call to Action for the XRP Community
In light of these developments, Mekras urges the XRP community to take decisive action:
Accountability: Hold influencers and platforms accountable for their recommendations and actions. This includes demanding transparency and ethical behavior from those who wield significant influence within the community.
Exposure: Expose unethical practices and individuals who seek to exploit the community. By bringing these issues to light, the community can protect itself from future harm and promote a culture of integrity.
Selective Attention: Refrain from giving attention and financial support to those who have demonstrated a lack of genuine concern for the community’s well-being. This involves critically assessing the motivations behind endorsements and being wary of potential conflicts of interest.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Mekras emphasizes the importance of collective awareness and discernment, stating that it’s time for the community to “wake up and say enough.” By doing so, XRP holders can safeguard their investments and foster a more transparent and trustworthy environment.
Moving Forward: Empowering the Community
The recent controversies serve as a stark reminder of the need for due diligence and critical thinking in the rapidly evolving world of cryptocurrency. Investors are encouraged to conduct thorough research, seek multiple perspectives, and be cautious of overly optimistic promises.
Platforms and influencers must also recognize their responsibility in shaping the community’s landscape. Ethical conduct, transparency, and a genuine commitment to the community’s welfare should be paramount.
Panos Mekras’s message is a crucial wake-up call for the XRP community. By holding influencers and platforms accountable, exposing unethical practices, and exercising discernment, XRP holders can protect their interests and contribute to a healthier, more resilient ecosystem.
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 Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
