[Michael Novogratz and Mike Belshe Face Off in Court] According to Bloomberg, Galaxy Digital founder Michael Novogratz and BitGo Holdings CEO Mike Belshe faced off in court over a four-year-long merger dispute. BitGo is demanding at least $100 million in damages, claiming breach of contract after Galaxy's $1.2 billion acquisition proposal in 2021 fell through due to the crypto market crash. BitGo accuses Galaxy of failing to make reasonable efforts to complete the transaction and concealing details related to investigations by U.S. authorities.
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