A Nevada district court judge approved an petition to place embattled crypto custodian Prime Trust into a state regulator’s receivership, according to a recent court filing.
to place embattled crypto custodian Prime Trust into a state regulator’s receivership, according to a statement on Tuesday from the regulator.for an appointment of receivership last month, alleging that the company didn’t have funds to cover customer deposits and had lost access to some wallets.
before the court on August 22 to show why the state regulator’s petition shouldn’t be permanently granted, according to the filing.
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