
Quick News Summary
- DWF Labs affiliates filed a $141 million lawsuit against crypto custodian BitGo in London’s High Court.
- The lawsuit alleges BitGo breached contractual lock-up agreements on Falcon Finance (FF) and ESPORTS tokens.
- Plaintiffs claim BitGo transferred discounted tokens to exchanges two months before scheduled vesting dates.
- Early token sales allegedly triggered market price drops, including a 75% plunge in the ESPORTS token.
- BitGo has not commented publicly on the claims, and the dispute has not yet been resolved in court.
AI x Crypto, DePIN & Emerging Tech·
Lawsuit filed in London claims early sales of FF and ESPORTS tokens caused price crashes.
Quick News Summary
- DWF Labs affiliates filed a $141 million lawsuit against crypto custodian BitGo in London’s High Court.
- The lawsuit alleges BitGo breached contractual lock-up agreements on Falcon Finance (FF) and ESPORTS tokens.
- Plaintiffs claim BitGo transferred discounted tokens to exchanges two months before scheduled vesting dates.
- Early token sales allegedly triggered market price drops, including a 75% plunge in the ESPORTS token.
- BitGo has not commented publicly on the claims, and the dispute has not yet been resolved in court.