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Grayscale Launches Aave Fund “Grayscale Aave Trust gives investors exposure to a protocol with the potential to revolutionize traditional finance”
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BiT Global cited Hong Kong’s legal requirements to defend this move, stating that no single shareholder can hold more than 20% control in a company. The corporate registry indicates that all of the five listed shareholders share the same British Virgin Islands address. This has fuelled suspicions that Justin Sun, although not formally listed, still has a disproportionate influence over BiT Global. While there is no direct proof, the circumstantial evidence has raised serious questions within the community about the true level of decentralisation in this new structure.
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