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.
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.
Alex DovbnyaTetragon was in charge of Ripple's $200 million Series-C funding round that propelled its valuation to a whopping $10 billion in late 2019.
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Vladislav Sopov
Dan Burgin