BitGo is one of the leading security platforms for Bitcoin and blockchain technologies. The company offers the industry’s first multi-signature Bitcoin wallet to keep Bitcoin secure from theft and loss and provides a suite of services for Bitcoin portfolio management, corporate treasury, and enterprise enablement.
BitGo was co-founded by Will O’Brien and Mike Belshe. Investors include elite Silicon Valley angels and venture capitalists, who have backed successful companies like PayPal, Netscape, ProofPoint, Twitter, Yammer, and Tesla. The team has many years of experience in digital and virtual currency businesses.
BitGo is seeking $100 million in compensation from Galaxy’s improper repudiation and intentional breach of its merger agreement with the crypto custodian.
