Crypto HeadlinesDWF Labs Sues BitGo for $141 Million
DWF Labs has filed a lawsuit against BitGo seeking $141 million in damages.
The market maker sold Falcon Finance and ESPORTS tokens at a discount, under the condition that they could not be traded for the first three months.
However, according to the complaint, BitGo withdrew the tokens to exchanges approximately two months before the lock-up expired, causing a sharp drop in their value.
DWF Labs is demanding $141 million in compensation. BitGo declined to comment on the allegations.
Notably, both companies are linked to Donald Trump family's crypto project World Liberty Financial – DWF Labs invested $25m in #WLFI, while BitGo issues and custodies the reserves of the #USD1 stablecoin.
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