🚨 BREAKING!!!
BITGO SUED FOR $141M OVER TOKEN LOCK-UP BREACH CLAIMS
• DWF Labs subsidiaries, DWF Stablecoins and DWF Trading, have filed a lawsuit against BitGo, alleging breach of contract and seeking $141 million in damages.
• The lawsuit claims BitGo failed to implement a token lock-up mechanism for DWF's stablecoins, resulting in the tokens being released and subsequently traded on the market.
• The plaintiffs argue that BitGo's actions led to significant losses for DWF, citing a "substantial" amount of damages.
• The lawsuit also accuses BitGo of negligence and breach of fiduciary duty, seeking compensatory and punitive damages.
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📡 Via CoinDesk
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#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
BITGO SUED FOR $141M OVER TOKEN LOCK-UP BREACH CLAIMS
• DWF Labs subsidiaries, DWF Stablecoins and DWF Trading, have filed a lawsuit against BitGo, alleging breach of contract and seeking $141 million in damages.
• The lawsuit claims BitGo failed to implement a token lock-up mechanism for DWF's stablecoins, resulting in the tokens being released and subsequently traded on the market.
• The plaintiffs argue that BitGo's actions led to significant losses for DWF, citing a "substantial" amount of damages.
• The lawsuit also accuses BitGo of negligence and breach of fiduciary duty, seeking compensatory and punitive damages.
Follow for live market updates.
📡 Via CoinDesk
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH