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.
Wed, 12/30/2020 - 18:27
BREAKING: Coinbase Sued Over "Illegal" XRP Sales
Breaking: Fidelity Lauching Ripple USD Competitor
Morning Crypto Report: XRP Delivers Ultra-Rare $0 Anomaly for Bulls, 429% Bitcoin Price Rise Everyone Forgot About, Shiba Inu (SHIB) Nears Legendary February "Win Streak": What to Expect?
Ripple Exec: XRP Will Remain 'At the Heart' of Company Vision
Crypto Market Review: Bitcoin's (BTC) Falling Star, Chance for Shiba Inu (SHIB) Bull Run, Is Ethereum (ETH) at $2,800 Unbreakable?
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
Caroline Amosun
Godfrey Benjamin
Tomiwabold Olajide
Gamza Khanzadaev