Bicko Wants Damages From Galaxy for Calling Off the Deal

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galaxy digital reported its c two earnings arlier this month with a loss of over 550 million dollars. And now i guess bicko wants damages from galaxy for calling off the deal. So it seems like, regardless of what's going on with bicko, galaxies extremely tied up and other things, they got a focus on themselves.

Welcome back. This week, Jacquelyn and Anita ran the show while Lucas was out. We recapped a must-watch interview by Coinage with Do Kwon, the now-infamous founder of Terraform Labs whose algorithmic stablecoin de-pegged from the U.S. dollar, sending the crypto markets into chaos. This was Kwon’s first interview since the coin’s collapse in May, which wiped out some $60 billion in value. Is he remorseful? Aren’t the authorities after him? We got into all those questions and more.

We also discussed acquisition drama for the second week in a row, this time between Galaxy Digital and crypto custodian BitGo. Finally, we went through news of recent, highly secretive layoffs at Crypto.com as the exchange looks to expand its user base abroad.

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Helpful links:
https://techcrunch.com/2022/06/16/cryptos-emphasis-on-community-could-lead-followers-off-a-cliff/
https://techcrunch.com/2022/05/25/terra-community-passes-proposal-to-revive-luna-cryptocurrency-following-stablecoin-led-implosion/
https://techcrunch.com/2022/07/27/ftx-ceo-leads-trustless-medias-seed-round-to-help-build-community-owned-web3-shows/
https://techcrunch.com/2022/08/15/galaxy-digital-calls-off-its-1-2-billion-acquisition-of-bitgo/

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