Tag: Stably

Crypto Custodian Prime Trust Received Cease And Desist Order To Stop Stop Operation!

The Nevada regulator has ordered Prime Trust to cease its operations following its inability to fulfill customer withdrawal requests. The decision came shortly after BitGo, a rival company, announced its decision to abandon its plans to acquire Prime Trust. The Nevada Financial Institutions Division released an order on its website, stating that Prime Trust's financial condition had significantly deteriorated to a critically deficient level.