The crypto sector’s first $1 billion deal, announced at the peak of a record surge in token prices, is winding down as the market reverses most of its gains. From the report: Galaxy Digital said on Monday it has ended its proposed $1.2 billion acquisition of crypto custodian BitGo, a high-profile deal it announced last May after the San Francisco startup failed to file audited financial statements for 2021 year failure to provide financial statements by July 31 violates terms agreed upon by the two firms last year, Galaxy Digital said in a public statement, adding that the company will not be charged any fees to cancel the deal.

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