By Denny Jacob
FTX Trading Ltd. and its affiliated debtors said Monday that one of its affiliated debtors, Alameda Research Ltd., filed a lawsuit against Grayscale Investments LLC in a Delaware court.
The FTX debtors also asserted claims against Grayscale Chief Executive Michael Sonnenshein, and its owners, Digital Currency Group and Barry Silbert, it said.
"Our goal is to unlock value that we believe is currently being suppressed by Grayscale's self-dealing and improper redemption ban," said John J. Ray III, CEO of FTX Trading and affiliated debtors.
The development is the latest in the saga surrounding Sam Bankman-Fried's crypto exchange FTX. FTX sought chapter 11 protection after allegations emerged that Alameda Research, a hedge fund started by FTX co-founder Mr. Bankman-Fried, was taking customers' funds from FTX accounts without authorization.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
03-06-23 1522ET
