BitGo and Galaxy Digital remain in court over their failed $1.2 billion merger, with BitGo seeking a $100 million breakup fee in Delaware Chancery Court. Galaxy Digital founder Mike Novogratz said the SEC made the planned 2021 deal very difficult, adding a direct regulatory explanation to Galaxy’s earlier arguments that cited accounting-rule changes, the Terra/Luna collapse, and missing financial statements. The judge will decide whether BitGo is entitled to the fee.