CORRECTION: Grayscale Didn't File to Register Trust for Nahmi Token; Possible Pump Attempt

The filing incorrectly gave the appearance that the world's largest digital asset manager was considering a trust based on the Nahmi project's token as a future offering.

Apr 6, 2021 at 10:30 a.m. UTC
Updated Sep 14, 2021 at 12:36 p.m. UTC

Grayscale Investments DID NOT FILE to register a new trust for Microsoft-partnered Ethereum scaling project Nahmi, a spokeswoman for the world’s largest digital asset manager said.

  • The filing with the State of Delaware indicated that a company named "Grayscale" had filed for a trust in a way that was identical to how Grayscale Investments had done for multiple other trusts.
  • "We did not make that filing," the spokeswoman said.
  • As such, the filing may have been an attempt to pump the price of the project's native token NII.
  • According to CoinGecko, the price of NII has more than doubled in the last 24 hours to $0.01, with a 24-hour trading volume of $20.2 million.
  • It appears at least one other trust filing with the name "Grayscale" may also be fraudulent.
  • Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
  • A call is being placed with the State of Delaware.
  • CoinDesk regrets any confusion caused by the previous report.

The apparently bogus filing purporting to be from Grayscale.

CORRECTION: Grayscale did not register a trust related to the Nahmii token. Article and headline have been updated.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.