The Canadian crypto-trading platform, which trades on the Neo exchange, issued a release saying it intends to seek monetary damages for Coinsquare’s decision to back out of a deal to acquire it for $29 million in cash and stock plus performance incentives. (The Logic)

Talking point: The great Canadian crypto merger drama has taken another twist. In January, BNN Bloomberg reported Coinsquare was in merger talks with a different rival platform, Vancouver-based WonderFi. Times are tough for Canadian crypto platforms—the failed acquisition was one of many in recent months. CoinSmart CEO Justin Hartzman told The Logic he was unable to comment on what the company specifically intends to sue for, or how much it plans to seek in damages. Bill Walker, a spokesperson for Toronto-based Coinsquare, said in a statement that it exercised its termination rights in accordance with the agreement.