Despite the urgencies Ripple is looking at so far from the JSC, one of her important financial backers has betrayed her as well.
For now, Tetragon is suing Ripple and secures its offers.
Tetragon - the resources and executives business, which has a turnover of a few billion dollars, and which was the same organization that initially led the Ripple's $ 200 million series financing round in 2019 - has now joined the SEC in Searching for Ripple. In court.
In a documented claim, Tetragon asserted that it has an option to ask Ripple to recover its offer as shown in the recently featured arrangement.
In compliance with this statement, an understanding has been concluded between the two organizations that if XRP is considered a guarantee, "Tetragon" will be allowed to guarantee refunds of offers and cash discount from Ripple.
Wave responded that the current claim documented by "Tetragon" has no preferences and focus of power, in light of the fact that the court has not formally decided that XRP is a guarantee and certainly not advance money.
In an authority report, legal group "Tetragon" blamed Ripple for playing "word games" to avoid a potential request from the "Delaware Chancery" court and demanded that its digital money exchanges be halted until it redeemed the respectable "Tetragon" shares of $ 200 million.
Tetragon's lawyer, Ripple Company, misunderstood the previous understanding between the two meetings.
Tetragon approaches court to completely freeze Ripple's liquidity until any interim control request against Ripple is settled.
For now, Ripple is trying to restrict XRP deals by maintaining a zero net position in XRP trades and buying, with the goal of Tetragon being able to exchange its offerings at Ripple.
Tension expands at Ripple, where a primer start looms, which is normal on February 22nd.
