Cryptocurrency exchange BitGo has announced that it has decided to file a tazmanita lawsuit after crypto-focused investment firm Galaxy Digital backed out of the acquisition deal.
Galaxy Digital August 15 In its announcement on BitGo, 31 July 2022to be delivered by 2021 Submission of audited financial statements for the year inability to the purchasing process that you have terminated had reported. Thereupon, BitGo responded to this move of Galaxy Digital on August 15. Reacted and said it will take legal action.
According to the statements made on its official blog account, BitGo on 31 December 2022 He claimed that it was planned to end. from company partners Brian TimmonsBitGo in Galaxy Digital’s decision to terminate the process attempt to blame He said he found it ridiculous. As for Galaxy Digital, which terminated the process earlier than the specified date, 100 million dollars stated that they will file a lawsuit for compensation for the amount.
According to the statements, BitGo’s litigation process is very successful in business cases. Quinn Emanuel Urquhart & Sullivan will run the law firm.