DWF Labs Affiliates Sue BitGo for $141M in London Court Over Alleged Token Lock-Up Breach 🏛️⚖️💥
Two investment subsidiaries linked to crypto market maker DWF Labs—DWF Maas and Falcon Digital—have officially filed a massive $141 million lawsuit against digital asset custodian BitGo in London’s High Court 🇬🇧📉.
The lawsuit alleges that BitGo flagrantly breached its private over-the-counter (OTC) agreements by prematurely transferring and dumping discounted Falcon Finance (FF) and ESPORTS tokens onto public exchanges roughly two months before the agreed three-month lock-up period expired 🚫🔒💸.
According to court filings, this unauthorized early release triggered intense selling pressure, crashing the price of ESPORTS tokens from $0.28 down to $0.07 📊📉. DWF is seeking full damages on the grounds that BitGo’s market dump directly caused catastrophic valuation losses to their remaining token reserves 💼⛔🚨.
#crypto News 📰 #BinanceSquare 🔶 #DWFLabs 💼 #BitGo 🔒 #CryptoLawsuit ⚖️ #TokenLockup 🚫 #Market_Update
#bitcoin #BTC
$FF
$ESPORTS
$BTC
Two investment subsidiaries linked to crypto market maker DWF Labs—DWF Maas and Falcon Digital—have officially filed a massive $141 million lawsuit against digital asset custodian BitGo in London’s High Court 🇬🇧📉.
The lawsuit alleges that BitGo flagrantly breached its private over-the-counter (OTC) agreements by prematurely transferring and dumping discounted Falcon Finance (FF) and ESPORTS tokens onto public exchanges roughly two months before the agreed three-month lock-up period expired 🚫🔒💸.
According to court filings, this unauthorized early release triggered intense selling pressure, crashing the price of ESPORTS tokens from $0.28 down to $0.07 📊📉. DWF is seeking full damages on the grounds that BitGo’s market dump directly caused catastrophic valuation losses to their remaining token reserves 💼⛔🚨.
#crypto News 📰 #BinanceSquare 🔶 #DWFLabs 💼 #BitGo 🔒 #CryptoLawsuit ⚖️ #TokenLockup 🚫 #Market_Update
#bitcoin #BTC
$FF
$ESPORTS
$BTC
