Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.
Prime Trust
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Prime Trust, the beleaguered crypto custodian recently ordered to cease operations, looks poised to do potentially massive layoffs, according to former employees. Some have heard up to 75% of jobs could be eliminated. The sources, who requested anonymity, cited what they’ve heard from inside the company. Prime Trust didn’t immediately respond to CoinDesk’s request for … Read more