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Alameda Hits a Snag in Lawsuit Over $9 Billion Locked in Grayscale Bitcoin Trust
Alameda Research has said it needs more time to assemble co-plaintiffs in its lawsuit against Grayscale that seeks to unlock billions of dollars in investments from two of Grayscale's trusts. The FTX affiliate requested until September 15 to respond to Grayscale’s motion to dismiss the lawsuit, which Grayscale indicated it did not oppose, according to a court filing. Alameda said an anticipated co-plaintiff it needed to find to proceed with the lawsuit had inexplicably bowed out. “It was no longer prepared to join the litigation, at least at this time,” the lawsuit’s plaintiffs said. “The shareholder ... (full story)