DWF affiliates pursue $141m claim against BitGo
Two companies affiliated with cryptocurrency market maker DWF Labs have sued custodian BitGo in London, seeking $141 million over allegations that it sold discounted tokens before contractual trading restrictions expired. DWF Maas and Falcon Digital filed the claim in the High Court, accusing BitGo of breaching agreements covering Falcon Finance’s FF token and ESPORTS tokens. They contend that…
Two crypto market makers, DWF Maas and Falcon Digital, have filed a lawsuit against custodian BitGo in the UK High Court, demanding $141 million. They claim that BitGo sold discounted tokens before contractual restrictions expired, causing their token values to plummet. The dispute centers around transactions involving FF and ESPORTS tokens, where the alleged discounted sales were made two months before the first permitted release.
The claimants argue that these transactions breached the agreements, leading to financial losses. BitGo has not commented on the allegations, and the case is currently ongoing.
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