Ethereum

<ul class="news-points"> 
 <li><strong>FTX debtors launch a website to unite shareholders of Grayscale Trusts.</strong></li> 
 <li><strong>Grayscale allegedly charged excessive management fees and prevented shareholders from redeeming their shares.</strong></li> 
 <li><strong>Alameda urges shareholders to contribute as co-plaintiffs before September 1.</strong></li> 
</ul> 
<p>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.</p> 
<p>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.</p> 
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   <p lang="en" dir="ltr">Major shareholders of Grayscale® Bitcoin Trust and Grayscale® Ethereum Trust urge other shareholders to visit <a href="https://t.co/JJ69x6616L" target="_blank" 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" target="_blank" rel="noopener noreferrer nofollow">https://t.co/FmwSxHWmKf</a></p>— FTX (@FTX_Official) <a href="https://twitter.com/FTX_Official/status/1693612958713029055?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 21, 2023</a> 
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<p>Reportedly, Graysc…</p> 
<p>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>.</p>

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

Coin Edition

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