FTXbankruptcy of cryptocurrency While damaging the sense of confidence in the sector, proof of reserve statements came from major exchanges and funds.
As this evidence comes in, eyes are the biggest bitcoin The fund was converted to Grayscale.
As you know, Grayscale is a company within the Digital Currency Group together with Genesis, which has been experiencing liquidity problems recently.
While the reserve announcements came one after another from the institutions, the biggest bitcoin Fund Grayscale has taken a different stance on this issue and announced that it will not share their wallet addresses to prove their reserves.
“Due to security concerns, we do not make such on-chain wallet information and confirmation information publicly available through a cryptographic Proof of Reserve or other advanced cryptographic accounting procedure.”
Although it is stated that the assets are verified by Coinbase, investors rely more on chain data in this regard and want the wallet addresses where the assets are held to be shared.
While Grayscale’s secretive attitude on this issue caused investors’ concerns to increase, it started to be investigated in the altcoins held by Grayscale.
Investors are concerned that these funds will be drained in a possible liquidity crisis.
According to Coinglass data, Bitcoin and altcoins held in the funds held by Grayscale are as follows:
“633 thousand Bitcoins
3 million Ethereum
11 million Ethereum Classic
1.5 million Litecoins
309k Bitcoin Cash
332 thousand ZCash
18 million Mana
74 million Stellar (XLM)
614 thousand ZEN
589 thousand LPT
307 thousand LINKS
106 thousand LEFT
6 million BAT
106 thousand Filecoins”
It is seen that the number of altcoins is consistent in the reserve document announced by Coinbase.
In the documents released by Coinbase, Grayscale has additionally:
“13 Million ADA
94 thousand Avax
591 thousand LIV
316 thousand UNIs
4948 AAVE
299 Makers
3186 COMP
29 million AMPs
111 YFI
526 thousand CRVs
35 thousand DOT”
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