Crypto investment firm Grayscale will not show Proof of Reserves after bitcoin and ether products fall to new all-time lows.
“Due to safety concerns We do not publicly disclose such online wallet information and verification information through Proof-of-Reserve or other steps,” Grayscale said on Twitter
The company acknowledged that the decision to keep its backups private might “disappoint” some investors. Crypto firms were pressured to provide more information about their reserves after FTX filed for bankruptcy protection earlier this month.
“Such stories are not good enough reasons to circumvent the complex security arrangements that have kept our investors’ assets safe for years,” Grayscale said.
Greyscale Bitcoin Trust (GBTC) Tumblesrecord low levelon thursday The same applies to ETHE products at the same time. Other entities associated with Grayscale have recently suspended withdrawals, including Genesis Global Capital linked to Grayscale via Digital Currency Group.
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