Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements
Lucy Harley-McKeown / The Block : Source: Canada NewsWire Group .
The Block Lucy Harley-McKeown
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Discussion
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@bitfinexed
@bitfinexed
on x
Huh, apparently BitGo couldn't deliver audited financials. Strange. https://twitter.com/...
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@jeffjohnroberts
Jeff Roberts
on x
BitGo's CEO has never been well liked or trusted, and allegations about refusing to provide an audit won't help that. Galaxy has its own incentives to kibosh the deal, of course, but not a good look for any involved. https://fortune.com/...
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@lopp
Jameson Lopp
on x
Did I just get rugged as a second order effect of crypto credit contagion? https://www.coindesk.com/...
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@arrington
Michael Arrington
on x
GALAXY ANNOUNCES TERMINATION OF BITGO ACQUISITION https://www.newswire.ca/... I thought this was done done a long time ago. Guess not.