US Supreme Court Allows BitGo-Galaxy Digital Lawsuit to Proceed
CryptoNewsTerminal Staff24 May, 2024
US Supreme Court Allows BitGo-Galaxy Digital Lawsuit to Proceed
The US Supreme Court has overturned a lower court ruling that dismissed a lawsuit brought by BitGo against Galaxy Digital. The lawsuit alleges that Galaxy Digital breached a contract to purchase BitGo for $1.2 billion. The Supreme Court's decision means that the case will now be heard by a lower court. If BitGo is successful in its lawsuit, it could be awarded damages of up to $1.2 billion. The lawsuit is a major test of the legal rights of crypto companies. The outcome of the case could have implications for the entire crypto industry.
