Ripple Blocks Tetragon From Redeeming $175 Million in Stock Before SEC Ruling

Posted by Crypto Press Daily on March 7, 2021 6:53 pm
Tags: Ripple Lawsuit
Categories: Crypto Market News

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"Tetragon, Ripple’s UK-based major investor, requested in January that the court have the firm’s preferred Series C Ripple stock be redeemed. But the court has now rejected that request, saying the XRP’s status is yet unsettled."

Ripple investor Tetragon wanted to redeem $175 million worth of stock. But the court rejected that request, saying XRP's status is unsettled. https://t.co/E5idBGAjmz pic.twitter.com/BgvBj5GMnY

— Decrypt Media (@decryptmedia) March 7, 2021