BitGo sues Novogratz’s Galaxy for $100M after merger deal turns sour
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.
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.