Crypto Custodian Prime Trust Files for Bankruptcy Protection Amid Financial Crisis

08/28 01:00

Prime Trust, a cryptocurrency custodian, has filed for Chapter 11 bankruptcy protection due to a combination of financial missteps and the collapse of the crypto market. The company's CEO, Jor Law, outlined how previous management failed to adapt to the market downturn and continued irresponsible spending, leading to significant losses.

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