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Legal news
Crypto custody service provider BitGo said it intends to hold investment manager Galaxy Digital "legally responsible" over the latter’s decision to pull out of the acquisition deal. In a blog post published this Monday, BitGo said Galaxy Digital was in breach of contract, as it did not pay the “USD 100 million reverse break fee it had promised back in March 2022.” The merger was scheduled to expire on December 31, 2022.
Crypto lending platform Hodlnaut, which suspended withdrawals last week citing market volatility, has filed for protection against creditors in Singapore. Confirming the news in a blog post, the company said it filed the application to be placed under judicial management and thus avoid any potential lawsuits from its creditors, as it looks to solve its liquidity crisis.
Exchange news
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...