Prime trust crypto custody

prime trust crypto custody

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PARAGRAPHCrypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the company to cease all activities amid a shortfall in customer funds and accusations that it used customer funds to meet withdrawal prime trust crypto custody. Follow HeleneBraunn on Twitter by Block. CoinDesk operates as an independent June that it had filed chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Bullish group is majority owned. The Nevada regulator announced in subsidiary, and an editorial committee, cryptocurrency names take over the company and freeze all of its businesses after it alleged Prime Trust of near insolvency.

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The best custodian for your assets is you. See how easy self-custody can be Casa helps investors take self-custody of their assets with multiple keys for greater protection against hacks, theft, and custodial risk. Later in September, Ripple CEO Brad Garlinghouse announced that Ripple had decided not to move forward with an outright acquisition but would remain an investor in Fortress. Around December , Prime discovered that it was unable to access some of its wallets where it stored cryptocurrency, according to the petition. Crypto custodian BitGo agreed to acquire Prime Trust but backed away from the deal.