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GateUser-59fc535c

2026-05-22 03:18:02

It's been four years and they're still arguing; in the crypto world, litigation also emphasizes long-termism.

View Original

BlockBeatNews2026-05-22 00:32:38

Galaxy and BitGo hold a court hearing over the dispute regarding the $100 million acquisition termination fee

BlockBeats reports that Galaxy Digital founder Novogratz and BitGo CEO Belshe are facing off in court this week over a four-year merger dispute. BitGo is demanding that Galaxy pay at least $100 million in damages, stemming from a failed $1.2 billion acquisition proposal in 2021 that fell through due to the crypto market collapse. BitGo accuses Galaxy of not making reasonable efforts to facilitate the deal and concealing details of an investigation by U.S. authorities, which could impact the completion of the merger.

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