Odaily Planet Daily News In response to the previous news that The Block quoted sources saying that GSR was downsizing, Rich Rosenblum, a co-creator of GSR, responded: "GSR is operating well. We have successfully spent three times without raising external funds. Volatile bear market. The company has a solid balance sheet. We are consistently profitable and increasing our market share regardless of market conditions. The report does not do justice to listing personnel changes alongside strategic changes."