US court docket dismisses BitGo’s claims in $100M lawsuit towards Galaxy Digital

The Delaware Courtroom of Chancery in america has granted a movement from crypto funding agency Galaxy Digital largely dismissing digital asset custodian BitGo’s case following a dropped acquisition of the agency in 2022.

In keeping with court docket paperwork filed on June 9, Vice Chancellor J. Travis Laster dismissed BitGo’s criticism towards Galaxy Digital with prejudice. The choice adopted Galaxy dropping its resolution to amass BitGo in August 2022 as a part of a $1.2-billion deal after in depth efforts, citing a breach of contract. BitGo subsequently filed a lawsuit towards Galaxy in search of $100 million in damages.

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