Forbes: BitGo plans to raise new funds at a valuation of $1.2 billion

ChainCatcher news, according to sources, cryptocurrency custody company BitGo is in preliminary discussions to raise new funds at a valuation of $1.2 billion. BitGo claims it has no exposure to risks from companies like FTX, Alameda, Three Arrows Capital, or Celsius.

ChainCatcher previously reported that Galaxy Digital announced in April this year that it was terminating its acquisition of BitGo. BitGo stated in August that it plans to sue Galaxy Digital and seek $100 million in damages. (Forbes)