Another Bad News For Ripple And XRP! Tetragon, one of the investor companies, sues Ripple

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Ripple’s C Series principal investor Tetragon sued Ripple following SEC charges.

Ripple faced another lawsuit, this time from one of its investors. Tetragon, the chief investor of Ripple’s $ 200 million Series C, sued the company following a recent SEC complaint. Tetragon demands that Ripple’s assets be frozen.

Tetragon Financial Group sued the company following a recent complaint from the US Securities and Exchange Commission (SEC), according to a report by Bloomberg. Tetragon filed a complaint with the Delaware Chancellor’s Court on Monday.

Tetragon also wants to prevent Ripple from using any cash or other liquid assets until payment is made. The company requested a temporary restraining order, injunction and expedited trial from the court.

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