Will Grayscale be the next FTX? By Cointelegraph

Dollar's comeback beginning to look 'appealing' as U.S. stocks enter rally mode

Will Grayscale be the next FTX?

Cryptocurrency Dec 03, 2022 05:40PM ET

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On Nov. 18, Grayscale, the asset manager running the world’s largest Bitcoin (BTC) fund, released a statement detailing the security of its digital assets products and affirming that it won’t share its proof of reserves with customers.

“Due to recent events, investors are understandably inquiring deeper into their crypto investments,” the statement begins, which is quite the understatement following the implosion of FTX and the inquiry into Sam Bankman-Fried’s questionable leadership. In no time, the question on everyone’s lips became clear. Will Grayscale be next?

Daniele Servadei is the co-founder and CEO of Sellix, an e-commerce platform based in Italy.

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