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1 day ago · Over the years, BitGo has expanded from offering wallets into providing a full-suite solution that lets clients hold assets safely and then put them to work. BitGo launched BitGo Trust Company in 2018, providing fully regulated, qualified cold storage to complement BitGo Inc’s original hot wallet solution.
Jun 12, 2024 · BitGo: Crypto Water Cooler — May 1. The impact of MiCA will happen in slow motion | Is TPS still a good…. Read more…. Read the latest stories published by Official BitGo Blog. The leader in institutional digital asset custody, trading, and finance. Learn more at bitgo.com.
May 24, 2024 · BitGo filed suit against Galaxy in August 2022, seeking $100 million in damages and alleging that Galaxy “intentionally” breached its May 2021 merger agreement when it could no longer afford ...
- cheyenne@coindesk.com
- News Reporter
Jun 4, 2024 · The deal soured after BitGo missed a July 31 deadline to turn over audited financial statements. August 2023: BitGo received $100 million in its Series C, which valued the company at $1.75 billion. At the time, BitGo had seen 20% growth in assets under custody (AUC), a 60% increase in new clients, and 40x growth in assets staked year-over-year.
May 24, 2024 · In a May 22 decision, the Supreme Court of the State of Delaware said BitGo’s lawsuit against Galaxy Digital over a failed $1.2 billion merger agreement could move forward again.
- Turner Wright
May 25, 2024 · BitGo Can Pursue Legal Action Against Galaxy. The successful appeal, originally submitted on February 7, now gives BitGo another chance to pursue legal action against Galaxy Digital. In the initial lawsuit filed in August 2022, BitGo accused Galaxy of an “intentional breach” of the acquisition agreement.
May 25, 2024 · Delaware’s Supreme Court has overturned a lower court’s decision to dismiss a $100 million lawsuit filed by BitGo against Galaxy Digital following a failed acquisition. The court ruling found the language of the merger agreement to be “ambiguous,” siding with BitGo’s argument. The decision grants BitGo the right to challenge Galaxy ...
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