According to a report by the Financial Times, DWF claims the discount BitGo received was contingent on the tokens remaining locked, yet they were transferred to exchanges approximately two months before the first unlock date.
“We raised this with BitGo in April and May, and with no undertaking forthcoming, court action became necessary,” the trading firm stated.
The dispute centers on a $25 million acquisition of WLFI tokens completed last year, representing the native asset of World Liberty Financial, the cryptocurrency initiative backed by President Donald Trump and his family.
The investment previously sparked concern among Washington lawmakers regarding DWF founder Andrei Grachev’s alleged ties to Russia. Grachev served as CEO of Huobi’s Russian arm from 2018 to 2019, and Huobi has faced sanctions in several jurisdictions for allegedly assisting Moscow in evading Western restrictions.
Neither DWF nor BitGo immediately responded to CoinDesk’s request for comment.
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