Gray scale: The product operates as usual, and Genesis Global Capital is neither its counterparty nor service provider

ChainCatcher news, Grayscale Investments stated that the security of the digital asset products held by investors is not affected by recent market events. Genesis Global Capital, a subsidiary of Grayscale's Genesis Global Trading, announced the suspension of redemptions and new loan issuances. Genesis Global Capital is not a counterparty or service provider for any Grayscale products.

1. Grayscale products continue to operate as usual, and recent events have not impacted product operations;

2. The underlying assets of the products remain safe and secure, stored in Coinbase cold storage isolated wallets;

3. Grayscale does not borrow, lend, re-mortgage, or otherwise pledge the underlying assets of the products, and custodians are prohibited from engaging in such activities;

4. Publicly quoted products continue to trade and generate reports and audited financial statements for the U.S. Securities and Exchange Commission and over-the-counter markets. (Source link)