DWF Labs Affiliates Sue Bitgo in $141M Token Lock-Up Dispute
DWF Labs affiliates are seeking $141 million from Bitgo in London's High Court over alleged sales of tokens before contractual lock-ups expired.
Affiliates of DWF Labs have brought a claim against cryptocurrency custodian Bitgo in London's High Court, seeking $141 million in a dispute over discounted tokens, according to Bitcoin.com News.
The plaintiffs allege that Bitgo transferred Falcon Finance (FF) and ESPORTS tokens to exchanges around two months before contractual restrictions on their release were due to end.
The claim centers on whether those transfers and alleged early sales breached the lock-up agreements. The plaintiffs contend that the transactions put selling pressure on the tokens; the supplied report does not include Bitgo's response or a court ruling.
Source: Bitcoin.com News
