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Is There a Security Risk in GBTC?
There's literally no security risk in GBTC showing where the Bitcoin are on the blockchain unless they've been doing something that they shouldn't have been doing. I can understand them saying, hey, look, we're not going to bother with this. We know the Bitcoin are there and if you guys don't believe us, then like, too bad. It's hard to take the security argument super seriously. There is arguably a security risk anytime that you are accessing the private keys,. especially if you are feeding in arbitrary data under-related to trust signing a transaction.