>>17942786
https://cointelegraph.com/news/will-grayscale-be-the-next-ftx
Excerpts:
"Will Grayscale be next?
The answer is that it’s unlikely. And that’s largely because the people at the top, the ones who made Grayscale what it is, appear to be more competent than Sam Bankman-Fried ever was."
"Grayscale’s parent company — the same that owns trading firm Genesis, mining company Foundry, crypto investment app Luno, and media outlet CoinDesk, among others — is Digital Currency Group, whose founder and CEO Barry Silbert shared a note to DCG shareholders on Nov. 23 addressing all the “noise” surrounding the company. He indicated that despite the so-called crypto winter, the company was on track to reach $800 million in revenue and its separate entities were “operating as usual.”
“We have weathered previous crypto winters,” the CEO’s note read, “and while this one may feel more severe, collectively we will come out of it stronger.”
Silbert is an early Bitcoin evangelist and a true cryptocurrency enthusiast. But, unlike Sam Bankman-Fried, he has 28 years of experience under his belt. Before he discovered crypto, he used to be an investment banker in New York and was the CEO of stock trading platform Second Market, which he sold to Nasdaq in 2015. This is not, in other words, his first rodeo."
"In other words: to anyone who cares about the future of crypto and believes in the importance of regulators acting in good faith to propel the industry forward, Grayscale is fighting a good fight.
“Panic sparked by others is not a good enough reason to circumvent complex security arrangements that have kept our investors’ assets safe for years," Grayscale’s Nov. 18 statement noted. They have proven their worth and substantiated their reputation with a decade-long track record of consistent growth. This is unlikely to change anytime soon."