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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

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TKay 2y ago

How much Bitcoin was lost to the either?

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