Ripple Secures Court Order Over Tranglo Stake in $24M XRP Debt Dispute
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A Malaysian court granted Ripple a charging order over Seamless Group’s 60% Tranglo stake as it seeks to recover nearly $24 million in unpaid XRP invoices.
Ripple has obtained a Malaysian court order targeting Seamless Group’s majority holding in Tranglo in a dispute over unpaid XRP invoices, according to Bitcoin.com News.
The charging order covers a 60% stake in Tranglo that was valued at $400 million in January. Ripple is pursuing approximately $24 million in outstanding payments.
The unpaid principal totals $23,952,480, a figure disclosed by Nasdaq-listed Currenc Group in an October 7 filing, the report said.
Source: Bitcoin.com News
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