Prime Trust can’t honor customer withdrawals, says Nevada regulator By Cointelegraph
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Prime Trust’s financial condition is “critically deficient” and the crypto custodian has been unable to honor customer withdrawals since June 21, according to Nevada’s business regulator.
In a June 21 cease and desist order, Nevada’s Department of Business and Industry claimed Prime Trust’s financial condition ha”considerably deteriorated” and the firm is now in an “unsafe or unsound condition” to continue business:
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Prime Trust’s financial condition is “critically deficient” and the crypto custodian has been unable to honor customer withdrawals since June 21, according to Nevada’s business regulator.
In a June 21 cease and desist order, Nevada’s Department of Business and Industry claimed Prime Trust’s financial condition ha”considerably deteriorated” and the firm is now in an “unsafe or unsound condition” to continue business:
Continue Reading on Coin Telegraph
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