BitGo Confirms Filing Lawsuit Against Galaxy Digital, Seeks $100M in Damages
BitGo confirmed earlier today that it had filed a lawsuit against the Mike Novogratz-spearheaded company seeking damages in excess of $100 million. In a September 13 Twitter thread, BitGo confirmed the previous rumors about the lawsuit, saying it was filed on September 12.
Galaxy Digital planned to acquire BitGo earlier this year but backed out of the deal recently. The company said it wants “more than $100 million” in damages “arising from Galaxy’s improper repudiation and intentional breach of its merger agreement with BitGo.”. However, the former terminated the agreement in August, claiming that BitGo had failed to deliver audited financial statements from 2021 that was in compliance with its requirements.
Source
https://t.me/DeFi_Ethereum
