The cryptocurrency custodian confirmed previous rumors that it will take Galaxy Digital to court.
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, BitGo confirmed the previous rumors about the lawsuit, saying it was filed on September 12.
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.”in early April Galaxy Digital’s intentions to acquire the cryptocurrency custodian as the deal was supposed to take place until October 2022.the agreement in August, claiming that BitGo had failed to deliver audited financial statements from 2021 that was in compliance with its requirements.
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