The value of Ripple’s XRP token soared to $1.09 on April 6, 2021, making it the first time the crypto has surged past the $1 mark in nearly three years.
Crypto lending platform Nexo has been accused causing $5 million worth of client liquidations after suspending the use of XRP as collateral without warning in December.
Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the US Securities and Exchange Commission.
Ripple has hit back at the US Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community.
