Grayscale has assured clients of the safety and security of their funds amid the panic triggered by the FTX implosion and redemption suspension of a subsidiary of one of its affiliate firms, Genesis Global Capital.

Binance CEO Zhao also confirmed that “Binance does not rely on Genesis or any other 3rd-party for our Earn products.” 

Grayscale Investments, a prominent digital asset investing services firm, has publicly come up to reassure its clients of the security and safety of their funds amid the commotion and panic provoked by the recent FTX collapse. Grayscale’s assurance became especially necessary following a decision from its affiliate Genesis to suspend redemptions on its lending arm temporarily.