Galaxy reportedly explored restructuring the merger through Canada after concerns grew over possible SEC opposition.

BitGo and Galaxy Digital are continuing their courtroom battle over the collapse of a $1.2 billion acquisition agreement that was once expected to become the largest merger in the crypto industry.

During proceedings this week in Delaware Chancery Court, BitGo argued that Galaxy backed out of the transaction in 2022 and is now seeking at least $100 million in damages, according to Bloomberg.

Bitter Legal Showdown

The crypto custody firm claims Galaxy failed to make reasonable efforts to complete the merger and also hid information about investigations by US…