BitGo sued for $141M by DWF Labs-linked firms over early token sales

BitGo has been sued for $141 million by two companies linked to DWF Labs over allegations that the crypto custodian sold restricted tokens before their agreed release dates, causing losses to the sellers. Two DWF Labs-linked companies have sued BitGo in London, seeking $141 million over alleged violations. Plaintiffs allege BitGo sold Falcon Finance and ESPORTS tokens before their contractual trading restrictions expired. The disputed agreements reportedly required three months of initial restrictions, followed by further token vesting. BitGo declined to comment on allegations that early token sales damaged prices and remaining holdings.

Source: crypto.news