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Cryptopolitan 2024-01-22 19:12:45

FTX’s Alameda Research withdraws lawsuit against Grayscale Investments

Alameda Research, an affiliate of the now-defunct cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. This development follows the recent transformation of Grayscale’s Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). The initial lawsuit, filed in March, revolved around allegations that over $9 billion in investor funds were trapped in GBTC, exacerbated by

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