Crypto investment firm Galaxy Digital has been cleared of any obligation to pay damages in relation to its failed merger with asset custodian BitGo. The court dismissed the claim against Galaxy, which said it was "pleased" with the outcome. Galaxy called off its $1.2bn proposal to acquire BitGo last year after the target failed to provide audited financial statements by a certain date. BitGo had claimed the merger agreement was not due to expire until the end of the year and said it would sue Galaxy.