1. Alameda Research expanding lawsuit: Alameda Research is recruiting additional plaintiffs for its legal case against #Grayscale Investments, aiming to involve over 45 parties including individuals, funds, and family offices.
2. Lawsuit details: Alameda Research initially filed a lawsuit in March 2023 against Grayscale, #Digital Currency Group (DCG), and DCG CEO Barry Silbert. The lawsuit alleges that Grayscale's fee #system and the #ban on redeeming shares in its #Bitcoin and Ethereum trusts have resulted in a 90% reduction in the value of Alameda's shares.
3. Delaware Court of Chancery involvement: The motion to involve more plaintiffs has been submitted to the Delaware Court of Chancery, indicating the legal venue where this ongoing dispute is being addressed.