According to Bloomberg, Galaxy Digital founder Michael Novogratz and BitGo CEO Mike Belshe faced off in Delaware court this week over their failed $1.2 billion acquisition deal from 2021. BitGo is demanding at least $100 million in termination fees, claiming Galaxy failed to make reasonable efforts to close the deal and concealed regulatory investigations related to Luna. Galaxy argues that the investigations did not impact the SEC approval process and that BitGo failed to provide compliant audited financial statements on time, making them ineligible for the termination fee. The deal was originally intended to facilitate the merged company’s listing on Nasdaq but was derailed by changes in SEC accounting guidelines and the market liquidity crisis triggered by the Terra/Luna collapse. https://(wublock123.com)/news/galaxy-bitgo-100m-acquisition-termination-fee-court-dispute-61474