BitGo confirmed earlier today that it had filed a lawsuit against the Mike Novogratz-spearheaded company seeking damages in excess of $100 million. Galaxy Digital planned to acquire BitGo earlier this...
Tag: bitgo
BitGo Accuses Galaxy Digital of ‘Intentional Breach’ of Contract in $100M Suit
The complaint, filed in Delaware Chancery Court, expected to become public on Thursday Galaxy first revealed its intent to buy BitGo in May 2021 in a planned deal valued at roughly $1.2 billion BitGo ...
BitGo sues Galaxy Digital for $100M over broken merger agreement
Cryptocurrency staking firm BitGo filed a lawsuit against Galaxy Digital on Sept. 12 seeking damages of over $100 million for breaching the merger agreement, BitGo announced on Twitter. Late yesterday...
BlockFi shows top growth among U.S. companies, the U.K. posts over 10% inflation and BitGo plans to bring a lawsuit against Galaxy Digital.
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Galaxy Digital Terminates Planned Acquisition of BitGo – crypto.news
Galaxy Digital, crypto-focused financial services and investment management giant, has terminated the acquisition deal with major digital assets custodian BitGo, stating that the latter failed to prov...
Analysis of Galaxy Digital’s $1.2bn Acquisition of BitGo
August 16, 2022, 1:23PM EDT • 3 min read Quick Take This is part of The Block Research’s Market Commentary series Galaxy Digital’s $1.2bn acquisition of BitGo has been called off with Galaxy Digital c...
BitGo to seek more than $100 million from Galaxy Digital-
BitGo will seek compensation from Galaxy Digital amounting to over $100 million for breach of merger agreement. BitGo: legal action against Galaxy Digital claiming more than $100 million BitGo said i...
Galaxy Digital terminates BitGo acquisition deal
Galaxy Digital, a virtual asset leader, has terminated its ongoing acquisition deal with the crypto custodian, BitGo. The firm announced the development in a press release on its platform. The termina...
BitGo plans to sue Galaxy Digital over failed acquisition
itGo, a digital asset custody firm, has announced it will be suing Galaxy Digital. BitGo says that it will require over $100 million in damages from Galaxy Digital over claims that the Michael Novogra...
BitGo To Sue Mike Novogratz’s Galaxy Digital For Backing Out Of $1.2 Billion Acquisition Agreement ⋆ ZyCrypto
Advertisement     Crypto custodian BitGo plans to pursue legal action against Galaxy Digital, the crypto-focused investment firm led by billionaire Mike Novogratz, for...
BitGo Seeks $100M in Damages After Galaxy Digital Rescinds $1B Acquisition Deal
BitGo is planning to take legal action against Galaxy Digital’s decision to terminate the acquisition of the crypto platform. BitGo is pursuing legal actions against Galaxy Digital and is seeking $100...
Galaxy Digital Terminates $1.2 Billion BitGo Acquisition Deal
The company has terminated a proposed $1.2 billion stock deal Crypto Firm Still Plans for Nasdaq Listing Quinn Emanuel is one of the world’s top-ranking global white shoe law firm Cosmic system Digita...
BitGo says it will seek over $100 million after Galaxy moves to end acquisition
BitGo has hit back against Galaxy Digital, which announced earlier Monday the termination of its plan to acquire the crypto custody firm. In a statement shared with The Block, BitGo said it “int...
BitGo to Sue Galaxy Digital for Pulling Out of Acquisition Deal
Digital asset custodian BitGo has announced it will seek $100 million or more in damages from crypto investment firm Galaxy Digital for pulling out of a deal to acquire it. Galaxy Digital earlier tod...
Galaxy Digital Pulls Plug on $1.2 Billion BitGo Acquisition
Galaxy Digital, the crypto investment firm run by billionaire Mike Novogratz, today announced it would terminate its proposed deal with crypto custodian BitGo. According to Galaxy, the firm has exerci...
BitGo to sue Galaxy Digital for $100M over dropped acquisition
Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the funds as part of a “reverse break fee” in its decisio...
Mike Novogratz’s Galaxy Digital Facing Lawsuit from BitGo
Alex Dovbnya BitGo has teamed up with litigation powerhouse Quinn Emanuel in order to take Galaxy Digital to court Institutional crypto custody firm BitGo has announced its intention to sue Mike Novog...
Galaxy Digital terminates its acquisition of BitGo
Galaxy Digital announced on Monday morning that it had terminated its long-awaited acquisition of crypto custodian BitGo. It said in a release that it had made the decision following BitGo’s &#...
Galaxy Digital Pulls Out of BitGo Acquisition
Galaxy Digital said it would move on with its reorganization plans. As the new week begins on August 15th, Galaxy Digital released a press release saying it is terminating its acquisition of digital a...
BitGo Plans To Sue Galaxy After Firm Ends Merger Agreement
BitGo has submitted its audited financials to Galaxy, lawyer representing the company says Company notes the merger agreement was not scheduled to expire until Dec. 31 BitGo has hired law firm Quinn E...
BitGo to Sue Galaxy Digital for $100M Termination Fee
Key Takeaways Galaxy Digital announced today that it was ending its merger agreement with BitGo today. BitGo intends to sue Galaxy, arguing the investment firm owes it a $100 million termination fee. ...
Galaxy Digital Back Pedal On $1.2 Billion Deal For BitGo Acquisition, BitGo To Seek $100 Million In Damages
Galaxy Digital has announced that it’s backing out of its $1.2 billion proposed acquisition of the cryptocurrency custodian, BitGo. Galaxy Digital Backs Out Of BitGo Deal A $1.2 billion acquisition of...
BitGo seeks $100M+ from Galaxy Digital over merger termination
BitGo, a leading digital asset custodian, says it will seek over $100 million in termination fee damages from Mike Novogratz and Galaxy Digital Holdings Ltd. A press release BitGo published on Monday...
Galaxy Digital Abandons $1.2B BitGo Acquisition
After BitGo failed to provide its audited financial statements for the year 2021, Galaxy Digital announced on Monday that it has canceled the $1.2 billion proposed acquisition of the crypto custodian....
Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement
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Galaxy Digital terminates acquisition of BitGo
Galaxy Digital Holdings Ltd. (OTCMKTS:BRPHF) has terminated its acquisition agreement with BitGo, a digital asset custodian Galaxy announced plans to acquire in May 2021. According to details the fina...
Galaxy Digital terminates BitGo acquisition, citing breach of contract
After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminate...
Bitcoin Hits $25K But Fails to Hold; Galaxy Digital Scraps Plan to Buy BitGo
By comparison, traditional options trading of stocks accounts for 20% of the market cap of the S&P 500 at the Chicago Board Options Exchange (CBOE), EDG said. “When you think of all the other [S&a...
Galaxy Digital Ends Agreement To Buy BitGo
Galaxy CEO Mike Novogratz said on the company’s earnings call last week that the length of the acquisition process had been “frustrating” Company reveals plan to launch a platform for institutions all...