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RefrigeratorMagnetContract

From 1.2 billion to litigation, the fairy tale of mergers and acquisitions in the crypto world ultimately couldn't withstand the bear market.

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MeNews
Galaxy and BitGo hold a court hearing over the termination fee dispute regarding the $100 million acquisition.
This week, Galaxy Digital founder Novogratz and BitGo CEO Belshe faced off in court over a four-year merger dispute. BitGo demanded that Galaxy pay at least $100 million in breach of contract damages, stemming from Galaxy's 2021 $1.2 billion acquisition proposal — then considered the largest deal in the crypto industry, but it fell through due to a market crash. BitGo accused Galaxy of not making reasonable efforts to facilitate the deal and concealing details of U.S. regulatory investigations that could have significantly impacted the merger.
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