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Galaxy Digital Justified in Terminating BitGo Acquisition Over Missing Financial Statements

Galaxy Digital has announced that a Delaware court has ruled in its favor in terminating the acquisition of BitGo, a crypto custodian. The court found that Galaxy had a valid reason for terminating the deal after BitGo failed to provide audited financial statements as required by the merger agreement. Galaxy Digital expressed satisfaction with the court's decision to dismiss BitGo's claims. BitGo had previously stated that it would seek over $100 million in compensation for the termination of the deal.

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