DWF Labs Subsidiaries Sue BitGo for $141 Million Over Early Token Sales
Summary
DWF Maas and Falcon Digital have sued BitGo in London’s High Court, seeking $141 million over an alleged breach of a token lock-up agreement. They claim BitGo moved discounted Falcon Finance and ESPORTS tokens to exchanges about two months before their first unlock, creating selling pressure that reduced the value of tokens they retained. The firms say they raised concerns in April and May before filing suit. BitGo declined to comment, and the allegations have not been tested in court. The dispute involves major crypto firms: BitGo reportedly holds about $5 billion in assets, while DWF is a prominent market maker and investor.
