I switched to River and Unchained after Swan failed re: trust companies 2x. Second time cost me and family members some money.
Dunno Lyn.
The amount of drama and missteps are quite problematic. Do I hear any of this drama from River or Fold who just IPOed via SPAC? Either Cory has had bad luck after bad luck or there is a level of incompetence that is troubling.
Just an example. Swan decided to use Fortress Trust which failed. It was ran by this individual https://www.denverpost.com/2008/01/07/swinging-from-one-net-conquest-to-another/
BTC is an extremely unique and hard asset thrusting itself into the limelight of traditional finance. It experiences long, powerful bull markets, followed by debilitating and painful refractory periods—leaving many participants drained and suffering through years of deflationary, life sucking prices. If you're a centralized custodian, a certain level of seriousness is required, as you can’t just print your way out of a blown-out hole.
Personal life not withstanding, it does not bolster confidence that Swan would choose a custodian ran by a man who's experience consists of running a singers webpage , performing in a swingers cornhub video and a disastrous failed at first attempt with Prime Trust.
All of this found with a 10sec google/brave search. I suspect others like River saw the debauchery in the industry and decided to build their own infrastructure.
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