POPA ReconDWF Labs-Linked Firms Sue BitGo for $141M Over Early Token Sales
DWF Labs-Linked Firms Sue BitGo for $141M Over Early Token Sales Two DWF Labs affiliates, DWF Maas and Falcon Digital, have sued BitGo in London’s High Court for $141M. They allege the custodian bought Falcon Finance (FF) and ESPORTS tokens at a discount in OTC deals and then sold them before the lock-ups expired. The agreements reportedly set a three-month lock followed by further vesting. The plaintiffs say the early sales pushed prices down and hurt the value of their remaining holdings. ESPORTS crashed more than 90% in about two hours in May, and on-chain analysis at the time traced par…
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