On November 18, Grayscale, the asset manager of the world’s largest (Bitcoin) fund, released a statement describing the security of its digital asset products and confirming that it will not disclose its proof of reserve to clients.
“Due to recent events, investors are understandably asking deeper questions about their crypto investments,” the statement begins, which is quite an understatement after FTX’s implosion and investigation Sam Bankman-Fried’s questionable leadership. In a very short time, the question on everyone’s lips was clear. Will Grayscale be next?
Daniel Servadei is co-founder and CEO of Sellix, an e-commerce platform based in Italy.
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