Ripple’s $24M XRP Debt Fight Puts a $400M Tranglo Stake on the Block

A Malaysian court has given Ripple a charging order over Seamless Group’s 60% stake in Tranglo, a holding priced at $400 million in January, to collect roughly $24 million in unpaid XRP invoices. It is the unpaid principal Nasdaq-listed Currenc Group disclosed in an Oct. 7 filing with the U.S. Securities and Exchange Commission (SEC), before adding late fees and court costs. The debt traces back to Ripple’s on-demand liquidity (ODL) service, which uses XRP as a bridge between two fiat currencies.

Source: Bitcoin.com News