DWF Labs affiliates sue BitGo for $141M in damages in London

Two DWF Labs affiliates have filed a roughly $141 million damages suit against crypto custodian BitGo in London’s High Court, according to Crypto Briefing. The plaintiffs, DWF Maas and Falcon Digital, both linked to DWF Labs, argued in the complaint that BitGo released tokens before contractual lockup periods expired, triggering market price declines. The tokens cited in the claim include Falcon Finance (FF) and Yooldo (ESPORTS). In the case of South Korean project ESPORTS, the token plunged more than 90% in May, when multiple media outlets and community channels raised allegations of a rug pull and price manipulation.