Subnostr

Who else saw that coming from the beginning?

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"If there is a hole in Prime Trust customer balances (BitGo said they’d pull out if there was, and they just pulled out), any exchange that used their service and transferred funds off PT platform in the last 3 months is going to be subject to clawbacks. Get your money out now," Bitcoin Magazine's David Bailey sounded the alarm.

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https://www.nobsbitcoin.com/bitgo-terminates-acquisition-of-prime-trust/

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Discussion

0xtr 2y ago

not your keys, not your cheese

TheGrinder 2y ago

I don't trust companies who feel the urge to put trust into their name.

2Pac 2y ago

This is why we need to be careful of “bitcoin only” companies like Swan since they are using Prime Trust as a back end they are perpetuating the paper bitcoin being sold. We shouldn’t trust simply because a company is “bitcoin only”