Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over 'Intentional Breach' of a Merger Agreement – Bitcoin News

Although Bitgo does not believe that the complaint contains any confidential information, it was filed in Delaware Chancery Court under seal in an abundance of caution in the event.

Bitgo also said that Galaxy “contends otherwise and wishes to redact some of the allegations before the complaint becomes public.” However, if some of the information is redacted, the complaint should still be “accessible by the public shortly after 5 pm ET on Thursday.” Bitgo believes the company is owed $100 million due to termination fees, and many crypto supporters have been following the story closely. “Will be interesting to see what the details of the allegations are,” one person replied to Bitgo’s Twitter post on Tuesday.

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When such problems will end?

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BitGo Files $100M Lawsuit Against Galaxy Digital Over Allegedly Breaching Merger AgreementCryptocurrency custody firm BitGo sues crypto financial services firm Galaxy Digital, alleging that the latter intentionally breached its $1.2 billion merger announced in May last year. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the lawsuit. Plus, what to expect from Voyager's bankruptcy hearing and the latest on the trial between Hodlonaut and Craig Wright.
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