Novogratz Appears in Court Over Failed BitGo Deal: Report
Cointelegraph
Mike Novogratz and Mike Belshe appeared in court regarding a dispute over Galaxy Digital’s terminated $1.2 billion acquisition of BitGo.Summary
Galaxy Digital founder Mike Novogratz and BitGo CEO Mike Belshe are facing off in a Delaware court over the collapse of a proposed $1.2 billion merger from 2021. Galaxy terminated the deal in August 2022, citing BitGo's failure to provide necessary financial information. BitGo is seeking a $100 million termination fee, alleging Galaxy breached the agreement. During testimony, Novogratz noted regulatory challenges, while Belshe claimed BitGo fulfilled its obligations and that Galaxy's actions harmed his company's reputation.
(Source：Cointelegraph)