Things are often named what they want to be, yet fall short in reality. Similar to most companies values - if you are something by culture you often don’t need to remind people be act a certain way.
Prime Trust Misplaced Access to Legacy Wallets, Used Client Money for #Bitcoin Repurchases
As it turns out, Prime Trust had trouble accessing its legacy wallets as far back as 2021. To make matters right, they dipped into their customers' funds to repurchase bitcoin, ensuring that those redemptions were honored.
Prime owes $85+ Million but only has $2.9 Million in fiat.
Self-custody or get rekkt!
#news
Document: https://www.docdroid.net/Q5WNMMS/prime-core-technologies-et-al-petition-pdf#page=6
View quoted note →