Someone appears to have gone to odd lengths to impersonate digital asset manager Grayscale Investments, possibly in an effort to drive up the prices of two lesser-known cryptocurrencies.
To be clear: Grayscale said it has no intention of creating a financial instrument around Nahmii, an Ethereum scaling project, or Theta, a video platform. Nevertheless, there is a pair of registered trusts, one for each obscure coin, in the state of Delaware (the trust for Nahmii misspells the coin’s name with one “i”). Each of these trusts bears Grayscale’s name, and the registration gives the same agent’s address that the firm uses for its real crypto investment vehicles.
“Grayscale maintains a list of assets that we may potentially include in our family of products, and any further additions will be announced,” an external spokesperson said by email. “Anyone seeking to confirm an asset Grayscale is considering should refer to this list.” Neither Nahmii nor Theta is on it.
Someone appears to have gone to odd lengths to impersonate digital asset manager Grayscale Investments, possibly in an effort to drive up the prices of two lesser-known cryptocurrencies.
To be clear: Grayscale said it has no intention of creating a financial instrument around Nahmii, an Ethereum scaling project, or Theta, a video platform. Nevertheless, there is a pair of registered trusts, one for each obscure coin, in the state of Delaware (the trust for Nahmii misspells the coin’s name with one “i”). Each of these trusts bears Grayscale’s name, and the registration gives the same agent’s address that the firm uses for its real crypto investment vehicles.
“Grayscale maintains a list of assets that we may potentially include in our family of products, and any further additions will be announced,” an external spokesperson said by email. “Anyone seeking to confirm an asset Grayscale is considering should refer to this list.” Neither Nahmii nor Theta is on it.
An email to the address listed on Nahmii’s website received a bounceback message. CoinDesk attempted to reach out to the Theta team via Discord, but had not received a response by press time.
A customer service representative with the Delaware Division of Corporations said the Division would not be able to share any identifying information about who filed the trusts. So for now, the filings’ origins remain a mystery (no phone number or person’s name is in the documents).