what does "tokens in lock-up" mean if they can be transferred to an exchange? that's what this lawsuit against BitGo is about right now
plaintiffs - DWF Maas and Falcon Digital, both from the orbit of DWF Labs. they filed in the High Court of London and are seeking $141M
story:
- BitGo received tokens through private deals $FF
and ESPORTS
- the condition was a three-month lockup and vesting
- according to the plaintiffs, BitGo transferred them to exchanges about two months before the first unlock
what amuses me here is the role reversal. usually market makers get caught dumping, but here the market maker is going to court because they got dumped)
BitGo declined to comment, the court has made no decision, and $141M is only the claim
a lock that is held by contract, not by code, is not a lock. lol
#BitGo #Tokenomics
plaintiffs - DWF Maas and Falcon Digital, both from the orbit of DWF Labs. they filed in the High Court of London and are seeking $141M
story:
- BitGo received tokens through private deals $FF
and ESPORTS
- the condition was a three-month lockup and vesting
- according to the plaintiffs, BitGo transferred them to exchanges about two months before the first unlock
what amuses me here is the role reversal. usually market makers get caught dumping, but here the market maker is going to court because they got dumped)
BitGo declined to comment, the court has made no decision, and $141M is only the claim
a lock that is held by contract, not by code, is not a lock. lol
#BitGo #Tokenomics