Galaxy Digital and Bitgo face off in Delaware court over a failed $1.2B merger, with Bitgo seeking $100M from Mike Novogratz's firm.

BitGo is suing Galaxy Digital for at least $100M after their $1.2B merger collapsed in 2022. The Delaware Supreme Court revived the case in May 2024.

In 2022, Galaxy said it was abandoning its acquisition plan due to BitGo's 'failure to deliver ... audited financial statements for 2021.'