Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’

11 Jan 2019

Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’

In the wake of a 51 percent attack on ethereum classic (ETC), the manager of an investment vehicle that holds the cryptocurrency has been fielding inquiries from investors looking to understand if the underlying assets in the fund are safe, CoinDesk has learned.

On Monday, the day after the reorganization of transactions on the ethereum classic blockchain came to light, Grayscale Investments, the creator of the Ethereum Classic Investment Trust (ETCG), says it sent emails in response to "a few" clients asking for clarity on what the attack meant. A copy of an email response to such an inquiry was obtained by CoinDesk.

Grayscale said it had not sent a notification to all investors in the fund.

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