Financial group Tetragon filed a lawsuit against Ripple and demands to freeze project assets
Tetragon Financial, one of the key investors in Ripple, has filed a lawsuit against the company demanding the redemption of its preferred shares. In 2019, the financial group Tetragon took part in a series C funding round, during which Ripple raised $ 200 million. Tetragon’s management filed a lawsuit in the Delaware court, demanding that Ripple fulfill its contractual obligations and redeem preferred shares held by Tetragon. The plaintiff seeks to freeze all of Ripple’s…
