DWF-Linked Firms Seek $141 Million From BitGo

Two companies linked to digital-asset market maker DWF Labs are seeking $141 million from cryptocurrency custodian BitGo in a London lawsuit, alleging it sold tokens before contractual trading restrictions expired and reduced the value of their remaining holdings. DWF Maas and Falcon Digital filed the claim in London’s High Court, according to reports published October 9. The lawsuit concerns Falcon Finance and ESPORTS tokens acquired under private sale agreements. The plaintiffs allege BitGo breached those agreements by selling the tokens before permitted release dates, causing losses to their holdings. The companies say the arrangements required an initial three-month lockup followed by additional vesting restrictions. They contend that early sales increased the supply available for trading and put downward pressure on token prices. Their requested $141 million represents damages they attribute to the alleged conduct, not a court-ordered payment or an independently established valuation of losses. The allegations have not been established in court.