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Regulatory Orders Says Prime Trust Has 'Shortfall of Customer Funds'

Prime Trust is the latest crypto custody platform to be in trouble, as it received a cease-and-desist order from the Nevada Department of Business and Industry for a "shortfall in customer funds" and not being able to handle customers' withdrawal requests. Troubled Prime Trust The regulatory order was published publicly on Thursday, hours after BitGo, another digital asset custody provider, terminated its deal to acquire Prime Trust. Although, a spokesperson of the Nevada regulator confirmed to... Read More

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shortfall

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Posted: Jun 23 2023, 07:35

Author Name: financemagnates

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