Bitcoin security platform BitGo raises $12M in funding

BitBeat: BitGo Adds Comprehensive Insurance to Its Services

BitGo announced that they have raised $12 million in Series A

Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong.

BitGo was approved by the South Dakota Division of Banking to act as a qualified custodian for digital assets.

Acquired by Galaxy Digital for $1.2 billion

In 2020, BitGo launched BitGo Prime, which allows its clients to trade, borrow, and lend.