Alameda Research, affiliated with bankrupt cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments.
Alameda Research, which filed a lawsuit against Grayscale last March, “enriching oneself at the expense of shareholders”from investors high transaction fees to buy and for investors to exit Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust not allowing He was accusing him of.
Grayscale CEO Michael Sonnenshein and parent company Digital Currency Group CEO Barry Silbert were named in the lawsuit.
Grayscale converted the Grayscale Bitcoin Trust into an exchange-traded fund (ETF) thanks to SEC approval last week. The fund started trading on January 11 More than 52 thousand Bitcoin exits happened. Grayscale joined the Coinbase Prime platform with the opening of the markets in the USA today. hundreds of millions of dollars of BTC sent.