Prime Trust Filing Reveals Cascade of Failures That Led To Bankruptcy Filing
Crypto custodian Prime Trust has filed for bankruptcy protection after suffering from a combination of missteps and financial losses. The company's court filing revealed irresponsible spending, misjudgment of the crypto market, and getting locked out of its own cryptocurrency wallet. Prime Trust's previous management team failed to adapt to the market downturn, leading to significant net losses and financial strain.
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Prime Trust Filing Reveals Cascade of Failures That Led To Bankruptcy Filing
Crypto custodian Prime Trust has filed for bankruptcy protection after suffering from a combination of missteps and financial losses. The company's court filing revealed irresponsible spending, misjudgment of the crypto market, and getting locked out of its own cryptocurrency wallet. Prime Trust's previous management team failed to adapt to the market downturn, leading to significant net losses and financial strain.