Ethereum

<ul class="news-points"><li>FTX debtors launch a website to unite shareholders of Grayscale Trusts.</li><li>Grayscale allegedly charged excessive management fees and prevented shareholders from redeeming their shares.</li><li>Alameda urges shareholders to contribute as co-plaintiffs before September 1.</li></ul>In a recent announcement, <a href="https://coinedition.com/sam-bankman-frieds-legal-fees-funded-by-alameda-research/" rel="noopener noreferrer nofollow">Alameda Research</a>, UTXO Management, and Balch &amp; Bingham LLP unveiled GrayscaleLitigation.com. According to the notification, the platform seeks to unite the Grayscale Bitcoin Trust and Grayscale Ethereum Trust shareholders for collective legal action against Grayscale Investments.Notably, this litigation effort was originally initiated by Alameda, a debtor of FTX Trading. The firm seeks to address alleged wrongdoings committed by the Grayscale Trusts. The Bankrupt FTX exchange shared the development on Monday via its official X account.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">Major shareholders of Grayscale® Bitcoin Trust and Grayscale® Ethereum Trust urge other shareholders to visit <a href="https://t.co/JJ69x6616L" rel="noopener noreferrer nofollow">https://t.co/JJ69x6616L</a> to join lawsuit against Grayscale Investments, LLC and recover value lost to Grayscale’s mismanagement. Read details here: <a href="https://t.co/FmwSxHWmKf" rel="noopener noreferrer nofollow">https://t.co/FmwSxHWmKf</a>— FTX (@FTX_Official) <a href="https://twitter.com/FTX_Official/status/1693612958713029055?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2023</a></blockquote></div></figure>Reportedly, Graysc…The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ftx-debtors-to-seek-justice-in-class-action-suit-against-grayscale/">FTX Debtors to Seek Justice in Class-Action Suit Against Grayscale</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

FTX Debtors to Seek Justice in Class-Action Suit Against Grayscale

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