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DWF Labs Takes Bitgo to Court Over $141M Token Lock-up Dispute

DWF Labs affiliates have taken cryptocurrency custodian Bitgo to London’s High Court, demanding $141 million over allegedly premature sales of discounted tokens. The plaintiffs claim Bitgo violated contractual lock-up restrictions by moving Falcon Finance (FF) and ESPORTS tokens onto exchanges roughly two months before their scheduled release. The alleged transactions placed selling pressure on thinly […]

DWF Labs-Linked Firms Sue BitGo for $141M Over Early Token Sales

TL;DR: Multimillion-dollar claim: DWF Maas and Falcon Digital sued institutional custodian BitGo for $141 million before the High Court of London in October 2026. Vesting breach: The complaint alleges BitGo transferred and offloaded Falcon Finance (FF) and ESPORTS tokens on exchanges roughly two months ahead of their scheduled cliff dates. Institutional heavyweights: BitGo oversees nearly $5 billion in assets under custody and trades on the New York Stock Exchange with a...

DWF Labs Affiliates Sue BitGo for $141M Over Alleged Token Lock-Up Breach

DWF Labs affiliates DWF Maas and Falcon Digital have filed a $141 million lawsuit against BitGo in London’s High Court. The firms allege BitGo transferred locked-up FF and ESPORTS tokens to exchanges about two months before their scheduled unlock. Two firms affiliated with market maker DWF Labs, DWF Maas and Falcon Digital, have filed a $141 million lawsuit against crypto custodian BitGo in London’s High Court. The claim centres on a straightforward but serious alle...

DWF Labs Sues BitGo for $141 Million Over Alleged Early Token Sales

TLDR: DWF Labs affiliates DWF Maas and Falcon Digital sued BitGo for $141 million in London’s High Court. The lawsuit alleges BitGo sold Falcon Finance and ESPORTS tokens before their agreed lock-up periods expired. The agreements required a three-month lock-up followed by additional vesting restrictions on token sales. DWF Labs claims the early sales pushed token prices lower, while BitGo declined to comment. Two DWF Labs-linked companies have sued crypto custodi...