DWF Labs Subsidiaries Sue BitGo for $141 Million Over Early Token Sales

Two companies tied to crypto market maker DWF Labs have taken BitGo to court, alleging the custodian dumped locked-up tokens early and tanked their value, in a $141 million dispute now before London’s High Court. DWF Maas and Falcon Digital filed the suit, the Financial Times reported Friday, accusing BitGo of breaching the terms of a private, over-the-counter deal involving Falcon Finance (FF) and ESPORTS tokens. According to the reporting, BitGo had received the tokens at a discount in exchange for a commitment not to sell them until lock-up and vesting periods expired, but instead moved them to exchanges roughly…

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