Crypto Collapse: Prime Trust's Fall From Grace and the Disappearing Wallet Mystery – Bitcoin News
August 26, 2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors.
From Cold Storage to Cold Reality: The Dramatic Decline of Prime Trust
In a declaration filed along with the bankruptcy petition on August 24, Prime Trust’s…