The Delaware Chancery Court has approved a temporary restraining order against Ripple Labs Inc. on behalf of an investor, which seeks to stop any further XRP purchases until the investor can sell back its stock. According to reports, the court approved the bid from investor Tetragon to prevent Ripple from buying any more XRP, or redeeming other investor stock, until Tetragon\u2019s stake had been redeemed. Tetragon has said the action was brought following an investigation into Ripple by the U.S. Securities and Exchange Commission (SEC), which found the firm had engaged in the sale of an unregistered security by selling $1.39 billion in XRP since 2013. In a teleconference ruling, Vice Chancellor Zurn said Tetragon had \u201cbargained for a prompt redemption right in the event of a default, presumably to capture value before it evaporates," before "the plug was pulled out of the bathtub and value started to go down the drain.\u201d While viewing the request for a total halt as \u201cheavy handed,\u201d the judge ordered a net zero requirement on Ripple, effectively forcing them to maintain the same net position without necessarily preventing individual sales - described as a \u201cless burdensome way\u201d of restraining the activities of Tetragon. Attorney David M. Grable, representing Ripple, denied the order should have been granted, saying \u201cthis is a textbook case for no TRO. What Tetragon wants is the payment of money, a quintessential reparable harm case.\u201d According to Grable, even the investor had noted that the firm \u201chas the ability to pay what Tetragon claims it is owed many times over. Tetragon alleged that Ripple has millions of dollars on hand and billions of pledgeable assets, digital assets, XRP.\u201d The restraining order is the latest action to succeed against Ripple, following the SECs investigation and findings published in December 2020. Follow\u00a0CoinGeek\u2019s Crypto Crime Cartel\u00a0series, which delves into the stream of groups\u2014from\u00a0BitMEX\u00a0to\u00a0Binance,\u00a0Bitcoin.com,\u00a0Blockstream,\u00a0ShapeShift\u00a0and\u00a0Ethereum\u2014who have co-opted the digital asset revolution and turned the industry into a minefield for na\u00efve (and even experienced) players in the market.