XRP sinks below LTC again after new lawsuit from major investor
XRP has fallen below Litecoin by market cap after a major investor filed a new lawsuit against Ripple. XRP has once again lost its place as the fourth-largest cryptocurrency, with lawsuits mounting against Ripple after one of its major investors followed the SEC in filing a complaint against the project.According to a Jan. 6 report from Bloomberg, Tetragon, one of the lead investors in a $200 million Series C funding round for Ripple in 2019, has filed a complaint against the firm in the Delaware Chancery Court. The investment company claims it is seeking a court to “enforce its....
Related News
A Solana investor has filed a class action lawsuit against major stakeholders in the Solana network for allegedly benefitting off SOL, the native coin of the blockchain, which, according to the claim, is an unregulated security. The filing was made in California by legal counsels representing a homeowner. Based on the specifics of the complaint, it […]
A Solana investor has filed a class action lawsuit against major stakeholders in the Solana network for allegedly benefitting off SOL, the native coin of the blockchain which, according to the claim, is an unregulated security. The filing was made in California by legal counsels representing a homeowner. Based on the specifics of the complaint, it […]
The New York Attorney General, Letitia James, has set her sights on three major players in the crypto space, alleging investor fraud. Genesis Global, its parent company, Digital Currency Group (DCG), and the renowned crypto platform Gemini find themselves in the crosshairs of a significant lawsuit. Attorney General James accuses them of deceptive practices that have allegedly […]
The token's major upside move surfaced partly due to a rally across the cryptocurrency market and else due to anticipations that it would walk through the SEC lawsuit unharmed.
Bitstamp is the first major U.S.-based crypto exchange to respond to the SEC lawsuit.