TechFlow reported that cryptocurrency firm Galaxy Digital said on Monday a Delaware court found they had "valid grounds" to terminate plans to acquire crypto custodian BitGo, after BitGo failed to deliver audited financial statements as required under the merger agreement. In an emailed statement, Galaxy said, "We are pleased with the court's decision dismissing BitGo's claims." Last year, BitGo stated it would seek over $100 million in damages from Galaxy for terminating the deal.
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