Alameda Research wants GBTC shareholders to join lawsuit against Grayscale
Alameda Research, a bankrupt crypto investment firm, is soliciting the support of claimants holding 10% of Grayscales Bitcoin Trust (GBTC) shares in its ongoing lawsuit against the crypto investment management company and its parent firm, Digital Currency Group (DCG). Alameda has announced plans to file an amended complaint against Grayscale. The amendment aims to include additional plaintiffs who own a minimum of 10% of the outstanding shares of its BTC Trust. The firm continued that it was in discussion with several unnamed GBTC shareholders who are willing to join as co-plaintiffs. However, Alameda has requested an additional five days for these unnamed GBTC shareholders to confirm their participation and contribute to the amended complaints. Community calls for GBTC shareholders Earlier today, Bitcoin Magazine CEO David Bailey instó GBTC shares holders to join the lawsuit by registering on RedeemGBTC.com. “What happens next will affect all shareholders and determine if we are investors or hostages,” he said. Bailey emphasized that those holding over 100,000 GBTC shares needed to join the lawsuit because it was the investors best shot at getting Grayscale to act. Alameda had filed a lawsuit against Grayscale in March, alleging that the firm was unjustly enriching itself at the expense of shareholders, citing its refusal to allow