FTX trading arm sues Grayscale
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 March 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
FTX affiliate Alameda has sued crypto investment company Grayscale and its owner over the structure of their large bitcoin and ethereum trusts, Chinese companies are flocking to Switzerland to raise capital, and incoming Bank of Japan governor Kazuo Ueda has hinted that ‘yield curve control’ is unlikely to survive in its existing form once he takes the helm.
Mentioned in this podcast:
FTX’s trading affiliate Alameda sues Grayscale over crypto investments
Chinese companies choose Switzerland over US and UK to raise money overseas
Ditching bond yield cap will be tricky task for new Bank of Japan governor
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.1 | Good morning from the Financial Times. |
| 0:11.7 | Today is Tuesday, March 7th, and this is your FT News Briefing. |
| 0:19.3 | FTX is back in the news this time with a lawsuit against an investment company. |
| 0:24.7 | Chinese companies who want to go public overseas have discovered |
| 0:28.2 | Switzerland, and the Bank of Japan's incoming governor |
| 0:31.8 | has hinted there may be a significant change. |
| 0:35.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:48.2 | An affiliate of the collapsed crypto company FTX called Alameda Research. |
| 0:52.6 | Yesterday sued the crypto investment company Grayscale. |
| 0:56.6 | FTX is trying to force Grayscale to change the structure of its cryptocurrency trusts, |
| 1:02.0 | so that investors like FTX can get back more money. |
| 1:05.8 | The lawsuit accuses Grayscale of refusing to allow redemptions and charging exorbitant fees. |
| 1:11.7 | The FT's Stephen Gandell has more. |
| 1:14.8 | Okay, so FTX is trying to get whatever money you can get and whatever pockets it has |
| 1:21.0 | to get as much money back for the FTX depositors they owe a lot of money to. |
| 1:26.0 | And one of the things that happens to be on Alameda's balance sheet |
| 1:29.9 | are shares in this kind of, it's sort of like Bitcoin but not quite, |
| 1:34.7 | and it's called the Grayscale Bitcoin Trust. |
| 1:36.8 | And right now it's trading at a discount. |
| 1:39.3 | So FTX is suing to try to get rid of that discount, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.