Genesis has reportedly hired the same restructuring adviser used by Voyager Digital shortly before it filed for bankruptcy, though the firm reiterates it has no “imminent” plans to do so.
All three companies have sought to quell investor fears over the last week.
Grayscale Investments reassured investors in a Nov. 17 tweet noting that “the safety and security of the holdings underlying Grayscale digital asset products are unaffected,” referring to theIn the wake of recent events, our investors should know that the safety and security of the holdings underlying Grayscale digital asset products are unaffected.
Genesis’s spot and derivatives trading and custody businesses remain fully operational. We continue to support our clients who rely on us during volatile market conditions to manage their risk and execute on their business strategies.Meanwhile, the latest letter to investors from Digital Currency Group CEO Barry Silbert reassured their investors that DCG is on track for $800 million in revenue in 2022.
“We have weathered previous crypto winters and while this one may feel more severe, collectively we will come out of it stronger," he said.
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