Sorry, maybe that was a bit harsh. I do share your concern, but I'm a little more optimistic. Basically your concern is just about price. This will sort itself out in the long run. Either the bitcoin is there (most likely, since they would be auditing it and it not being there exposes Conbase to billions of dollars of risk) or Conbase is fucking around making paper btc (in which case when they get caught out they would get insanely rekt and go out of business). In either scenario bitcoin will continue on as usual.