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coinpedia 2023-08-15 03:50:12

Prime Trust Files for Bankruptcy, Raising Concerns on Digital Asset Custody!

The post Prime Trust Files for Bankruptcy, Raising Concerns on Digital Asset Custody! appeared first on Coinpedia Fintech News Prime Trust, a Nevada-based financial company, has filed for bankruptcy after the state’s business regulator issued a cease-and-desist order earlier in June. The order cited the firm’s “critically deficient” financial condition and inability to honour customer withdrawals. This has raised concerns about the safety of digital asset custody held by Prime Trust, a crucial service …

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