BitGo sued for $141M by DWF Labs-linked firms over early token sales
crypto.newsOlivia Stephanie
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. The Financial Times reported on October 9 that DWF Maas and Falcon Digital filed the lawsuit in London’s High Court, accusing BitGo of breaching private token sale agreements involving Falcon Finance (FF) and ESPORTS tokens. The companies claim the disputed sales pushed token prices lower and reduced the value of their remaining holdings. The legal action was reported by Law360 on October 2, before the Financial Times published further details. BitGo declined to comment on the allegations, which have not been established as facts by the court.
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