Grayscale refuses to provide wallet addresses to prove 1:1 backing of GBTC (twitter.com) 14 points by janmo 3y ago ↗ HN
[–] janmo 3y ago ↗ DCG, the parent of Grayscale got a $600m credit line in 2021, seems like they were deeply under water for quite some time.It is very possible they dipped into the GBTC fund like FTX did with its user funds. [–] consultutah 3y ago ↗ I made a risky bet in 2019 on GBTC that luckily paid off, but I was 100% willing to lose everything... I keep wanting to try it, but I'd need to be nuts post FTX...
[–] consultutah 3y ago ↗ I made a risky bet in 2019 on GBTC that luckily paid off, but I was 100% willing to lose everything... I keep wanting to try it, but I'd need to be nuts post FTX...
2 comments
[ 0.23 ms ] story [ 17.0 ms ] threadIt is very possible they dipped into the GBTC fund like FTX did with its user funds.