FTX affiliate Alameda Research files a lawsuit against asset manager Grayscale Investments LLC for imposing a “redemption ban.”
FTX affiliate Alameda Research filed a lawsuit against asset manager Grayscale Investments LLC for imposing a “redemption ban,” bankrupt crypto platform FTX Trading Ltd. and its affiliated debtors said Monday in a news release.
In... FTX affiliate Alameda Research filed a lawsuit against asset manager Grayscale Investments LLC for imposing a “redemption ban,” bankrupt crypto platform FTX Trading Ltd. and its affiliated debtors said Monday in a news release. In the news release, the FTX Debtors said that that in the past two years, Grayscale has extracted over $1.3 billion in “exorbitant” management fees in violation of the Trust agreement and “hidden behind excuses” to prevent shareholders from redeeming their shares. The FTX Debtors argued if Grayscale reduced its fees and stopped preventing redemptions, then the Debtors’ shares would be worth at least $550 million, which is 90% more than the current value.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce FeesAlameda Research has filed a lawsuit against Grayscale Investments seeking injunctive relief to realize what it claims is over $250 million in asset value for the FTX Debtor’s customers and creditors. By Nelwang
Leer más »
GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing TuesdayGrayscale's $GBTC discount has narrowed to 42%, its lowest level in a month ahead of its oral argument ETF hearing on Tuesday. LedesmaLyllah reports
Leer más »
FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy LawyersIt appears as if bankrupt crypto exchange FTX_Official has a “massive shortfall” in assets. FTX's team has identified $7 billion in customer payables in cash and stablecoins, offset by $580 million in identified assets as of its petition date.
Leer más »
FTX's Sam Bankman-Fried may be able to use flip phone under stricter bail planProsecutors and attorneys for FTX founder Sam Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another...
Leer más »
FTX collapse: Bankman-Fried may get flip phone under tougher restrictionsProsecutors and attorneys for Sam Bankman-Fried submitted a proposal to the judge overseeing the FTX founder's case, with a list of bail conditions, like the use of a flip phone.
Leer más »
FTX Bankruptcy Examiner Denial Appealed by U.S. GovernmentThe FTX_Official collapse needs to have an independent examiner, the US government has said, and it's now appealing a judicial decision to skip appointing one. jackschickler reports
Leer más »