DWF Labs Affiliates Sue BitGo for $141M Over Alleged Token Lock-Up Breach

Two firms affiliated with market maker DWF Labs, DWF Maas and Falcon Digital, have filed a $141 million lawsuit against crypto custodian BitGo in London’s High Court. The claim centres on a straightforward but serious allegation: BitGo sold tokens it was supposed to be holding under agreed lock-up restrictions, before those restrictions expired. The agreements in question were OTC token deals covering Falcon Finance (FF) and ESPORTS tokens. Under the terms, BitGo received discounted pricing in exchange for accepting a three-month lock-up followed by staged vesting releases.

Source: TheNewsCrypto