Prime Trust’s Financial Failure and Shift Towards ‘No-Custody Solutions’

Decrypt | Andrew Throuvalas| Jun 28, 2023 The fallout from Prime Trust's failure has highlighted the risks associated with crypto companies relying on third-party custodians for asset safety. Prime Trust was placed into receivership due to financial issues, with the State's filing indicating that Prime Trust is over $82 million in the hole from fiat

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