Internet reports that Ripple shareholder Linqto has filed for bankruptcy in the U.S. District Court for the Southern District of Texas and is expected to hold its first hearing on Tuesday local time. Ripple CEO Brad Garlinghouse clarified last week that Linqto owns 4.7 million secondary shares of Ripple, with an estimated value of approximately $450 million at current market prices, but has no direct business relationship with the company.