DWF Labs affiliates sued BitGo for $141M in London’s High Court, claiming it sold locked FF and ESPORTS tokens ahead of schedule.
According to the claim by DWF Maas and Falcon Digital, BitGo bought the tokens over the counter at a discount in exchange for a three-month lock-up and staged releases. It then allegedly moved them to exchanges about two months before the first unlock, adding supply to thin markets and pushing prices lower.
ESPORTS slid from about $0.28 in mid-March to $0.07 by early June. BitGo declined to comment, and the court has not ruled on the claims.
Partner Offers | Get Your Instant BTC Cashback | Your Gateway To Crypto | Arcus Private Whitelist
