coin-img-ETHETH-0.50%coin-img-BTCBTC+0.54%coin-img-HYPEHYPE+4.53%coin-img-SOLSOL-0.36%coin-img-XRPXRP-0.57%coin-img-USDCUSDC-0.01%coin-img-TONCOINTONCOIN-1.83%coin-img-DOGEDOGE-0.39%coin-img-ETHETH-0.50%coin-img-BTCBTC+0.54%coin-img-HYPEHYPE+4.53%coin-img-SOLSOL-0.36%coin-img-XRPXRP-0.57%coin-img-USDCUSDC-0.01%coin-img-TONCOINTONCOIN-1.83%coin-img-DOGEDOGE-0.39%coin-img-ETHETH-0.50%coin-img-BTCBTC+0.54%coin-img-HYPEHYPE+4.53%coin-img-SOLSOL-0.36%coin-img-XRPXRP-0.57%coin-img-USDCUSDC-0.01%coin-img-TONCOINTONCOIN-1.83%coin-img-DOGEDOGE-0.39%coin-img-ETHETH-0.50%coin-img-BTCBTC+0.54%coin-img-HYPEHYPE+4.53%coin-img-SOLSOL-0.36%coin-img-XRPXRP-0.57%coin-img-USDCUSDC-0.01%coin-img-TONCOINTONCOIN-1.83%coin-img-DOGEDOGE-0.39%

Crypto merger dispute returns to court as BitGo pursues $100M from Galaxy Digital

A four-year legal battle over a collapsed crypto deal is back before Delaware's Chancery Court, with at least $100 million at stake. Mike Novogratz testified this week as BitGo presses claims against Galaxy Digital stemming from their failed $1.2 billion merger, Bloomberg reported. The transaction was signed in May 2021 and called off in August 2022 in the aftermath of Terra's collapse. BitGo argues Galaxy abandoned the deal without using "reasonable best efforts" and failed to disclose details related to investigations by U.S. authorities. Galaxy counters that BitGo missed the deadline to provide audited financial statements.
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