Two firms linked to DWF Labs have sued BitGo in London’s High Court, seeking $141 million over allegations that BitGo sold $FALCON and $ESPORTS tokens at a discount roughly two months before lock-up expiry. The lawsuit claims the early sales cratered the value of the remaining holdings.
The claim centers on Falcon Finance and ESPORTS tokens. The DWF-linked firms allege that BitGo’s discounted sales before the lock-up ended undercut the market for those tokens, leaving the firms with significantly less value than they would have had otherwise.
The case is before London’s High Court. Lock-up periods are designed to prevent exactly this kind of early selling, which can harm other token holders. The outcome could hinge on whether BitGo had the right to sell before the lock-up expired.
The lawsuit is ongoing. It is not yet confirmed how BitGo will respond to the allegations, and the claims have not been proven in court. The $141 million figure represents the damages sought by the DWF-linked firms.
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$FALCON $ESPORTS
غيرك سبقك وتابع. ادخل بروفايلي وخلك مع اللي يقرأ قبل ما ينتشر الخبر.
The claim centers on Falcon Finance and ESPORTS tokens. The DWF-linked firms allege that BitGo’s discounted sales before the lock-up ended undercut the market for those tokens, leaving the firms with significantly less value than they would have had otherwise.
The case is before London’s High Court. Lock-up periods are designed to prevent exactly this kind of early selling, which can harm other token holders. The outcome could hinge on whether BitGo had the right to sell before the lock-up expired.
The lawsuit is ongoing. It is not yet confirmed how BitGo will respond to the allegations, and the claims have not been proven in court. The $141 million figure represents the damages sought by the DWF-linked firms.
Tap $FALCON to trade.
Tap $FALCON to trade
$FALCON $ESPORTS
غيرك سبقك وتابع. ادخل بروفايلي وخلك مع اللي يقرأ قبل ما ينتشر الخبر.