A Delaware court has ruled that distributed ledger technology provider Ripple will be paid $3.463 million in legal fees by U.K. investment company Tetragon Financial Group after its legal defeat. Tetragon—which led Ripple’s mammoth Series C funding round in 2019—soured on the company after it got sued by the U.S. Securities and Exchange Commission in December.
Tue, 04/13/2021 - 05:51
Ripple's Brad Garlinghouse and Chris Larsen File Motions to Dismiss SEC Lawsuit
Advertisement
Advertisement
The asset manager slapped Ripple with a lawsuit to redeem its $175 million equity and temporarily freeze the company’s assets, a move that was branded as “opportunistic” by the defendant.
The judge went on to rule against Tetragon because the question of whether or not XRP can be classified as a security is yet to be resolved by the court.
Fidelity’s Macro Guru Turns Bearish on Bitcoin
Morning Crypto Report: Legendary Trader Speaks out on $24,111 Bitcoin Anomaly on Binance, Cardano's Hoskinson Calls out New Project and Brings up XRP, Dogecoin (DOGE) Posts 'Naughty List'
CZ Reacts to Trust Wallet Hack. Are Funds SAFU?
Crypto Market Prediction: Is Shiba Inu (SHIB) Saved? XRP Can Enter New Year With Bull Run, Bitcoin (BTC): There's a Problem
Dan Burgin
Vladislav Sopov
U.Today Editorial Team