Cryptocurrency custodian BitGo will be able to proceed with its $100 million lawsuit against financial services company Galaxy Digital. The Delaware Supreme Court overturned a lower court's decision to dismiss the lawsuit last year, allowing BitGo to proceed with its case in Chancery Court. BitGo accused Galaxy of "willful" breach of contract in a $1.2 billion merger agreement reached in May 2021 because it could not pay the huge fee after suffering huge financial losses in the crypto bear market. Galaxy said the agreement broke down because BitGo failed to provide the necessary audited financial statements on time, and said BitGo's allegations were "without merit." Last June, Associate Justice J. Travis Laster of the Delaware Court of Chancery ruled that Galaxy had "good cause" to withdraw from the agreement on the grounds that BitGo provided "non-compliant" financial documents. After BitGo appealed, the Delaware Supreme Court overturned the previous ruling, finding that the definition of "financial statements" in the merger agreement was ambiguous and the parties provided reasonable interpretations.