Prime Trust filed for bankruptcy in August, roughly two months after Nevada regulators alleged the company was unable to meet its customers’ withdrawal requests. The company also used customer funds to invest in failed stablecoin project Terra, in addition to engaging in other dubious business practices, a court filing shows.
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- Source: https://www.coindesk.com/business/2023/09/19/crypto-custodian-prime-trust-warns-it-may-lay-off-62-employees-nevada-records-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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