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

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Bitgo has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million.

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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