Prime Trust Faces Closure as Nevada Regulators Take Action – Another Bear Market Victim?

Crypto custodian Prime Trust is facing imminent closure as Nevada regulators move to shut down the troubled company, potentially making it the latest victim of the crypto bear market. The regulatory action comes after it was discovered that Prime Trust owed millions of dollars to its customers, placing it in an "unsafe financial condition and/or insolvent," according to the Nevada Financial Institutions Division (FID).... Read More: Prime Trust Faces Closure as Nevada Regulators Take Action – Another Bear Market Victim?