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Grayscale, the asset management company that manages the largest Bitcoin fund in the world stated on Nov. 18,
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Describing the security of its digital assets products and confirming that it will not share its proofs of reserves with customers.
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"Due to recent developments, investors are understandably asking deeper questions into their crypto investments," begins the statement.
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This is a significant understatement after the implosion and inquiry into Sam Bankman Fried's questionable leadership.
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The question on everyone's minds became crystal clear in no time. Grayscale will be next.
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It isn't definite. It's because those at the top of Grayscale, who made Grayscale what they are, seem to be more skilled than Sam Bankman Fried.
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Grayscale's financial problems will cause the crypto industry to take another plunge, which is likely true.
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The industry cannot afford another crash. Not so soon after FTX, and not the one caused by such a significant player.
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Grayscale manages more than $10B In BTC, Ether, and other assets. It is the largest revenue generator for its parent company.
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