The FTX saga continues to hit the crypto headlines. In its latest, the FTX Debtors have announced a lawsuit against Grayscale Investments, a popular crypto asset management firm.
The lawsuit also extends to its CEO – Michael Sonnenshein, its parent company – Digital Currency Group (DCG), and its founder – Barry Silbert.
Moreover, the lawsuit is filed by FTX debtor affiliate – Alameda Research – the infamous FTX investment arm.Notably, the lawsuit seeks legal relief to “unlock $9 billion or more in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts.” In addition, the lawsuit wants Grayscale to “realize over a quarter billion dollars in asset value.”Is your portfolio green?
Check out the Bitcoin Profit CalculatorThe FTX Debtor claims that Grayscale charged exorbitant management fees of over $1.3 billion from the firm.Read more on ambcrypto.com