
San Francisco-based blockchain company Ripple is now facing a lawsuit from Tetragon, a $2.32 billion investment firm headquartered in the U.K. that acts as its top stakeholder, Bloomberg reports.
Advertisement
The plaintiff is seeking to redeem its stock in the troubled company after it got sued by the U.S. Securities and Exchange Commission last month over illegal XRP sales.
On top of that, Tetragon is asking the court to issue a restraining order against Ripple to temporarily freeze its liquid assets.XRP Drops Out of Top 3, Dogecoin Creator Breaks Silence on Bitcoin (BTC) Price, Shiba Inu (SHIB) Sees 70% Spike in 48 Hours — Crypto News Digest
Strategy's Saylor Says 'Yes' to Binance CEO, And It's About Bitcoin
Peter Schiff Wins as Gold Adds Entire Crypto Market Cap in Just Two Months
Morning Crypto Report: Ripple CEO Reveals Why Banks Avoid XRP, Bitcoin Price Falls to $121,000 as Binance Coin (BNB) Takes Over, XRP in Top 3
Tetragon was in charge of Ripple's $200 million Series-C funding round that propelled its valuation to a whopping $10 billion in late 2019.
Advertisement