Bankrupt FTX affiliate Alameda sues Grayscale

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If Grayscale had reduced its fees and did not implement redemption prevention measures, which the cryptocurrency exchange alleges are improper, FTX’s shares would be worth nearly 90% more than the current value of those locked up with the asset manager, FTX said.

FTX also accused Grayscale owner Digital Currency Group of breaching trust agreements and fiduciary duties.