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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)