Argo sold the facility for $65 million while also securing an extra $35 million loan from the Mike Novogratz-owned firm as it struggles with the bear market.
BitGo is suing Mike Novogratz's Galaxy Digital Holdings after it pulled out of a $1.2 billion acquisition deal—the digital asset wallet is seeking $100 million in damages.
According to Galaxy Digital, the deal was broken off because BitGo failed to deliver an audited financial statement for the 2021 business year by the required date, July 31, 2022.
The company, which provides compliance solutions and technologies for crypto exchanges, banks and regulators, has been tracking criminal activity around cryptocurrency sector since 2011.
BlockFi, a crypto-lending business, has announced that they have secured an additional $4 million in funding.
Good Money, a digital banking platform, raised $30 million in a Series A funding led by Galaxy Digital via its Galaxy EOS VC Fund.