Cryptocurrency custody company BitGo has a new chance to sue over its failed $1.2 billion merger deal with Galaxy Digital. The Delaware Supreme Court reversed its decision to dismiss BitGo's lawsuit. 🎉

BitGo filed a lawsuit against Galaxy in August 2022, demanding $100 million in damages and claiming that Galaxy "intentionally" violated the merger agreement in May 2021. Galaxy attributed the separation to BitGo's failure to provide certain audited financial statements in a timely manner and stated that BitGo's claims were "unfounded." 📜

But over BitGo's appeal, the state's Supreme Court reversed the decision, finding that the merger agreement's definition of "financial statements" was vague and that both parties offered "reasonable interpretations" of acceptable documentation. 🔄

Galaxy Digital did not respond to CoinDesk's request for comment by press time. 🤷‍♂️

What do you think about the outcome of this situation? We are waiting your comments! 😄#DeFi#Web3#BitGo#GalaxyDigital