Wow
“BitGo also processes approximately 20% of all global Bitcoin transactions by value.”
So
Swan AND strike both leave Prime Trust for Bitgo
Bitgo tries to acquire Prime Trust
Bitgo pulls pin on aquisition
Prime Trust gets halted by regulators
Someone knew something
So Strike and Swan both pulled the pin a month before this? Interesting
Are they still Swans back end?
Not bad I usually have 4 med/lrg cups per day haha
Strike and Swan both use Prime Trust.
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/
💀 💀 💀
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”
I know we’re not ready, but likely we’ll get another draw down before post having fireworks so keep your head down and keep stacking
It’s happening
nostr:note17w85qreps3p2tz6yspwzayhzqsg4ylq2c3uw7afyf2etdrsgga8qxxa5kp
Just finished it
Excellent novel
Absolutely agree the leaches are going to try to squeeze all the value out of it they can for themselves.
*bitcoin etf*
