Name: Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds'
Uploaded: 2023-06-23T14:59:20.000Z
Duration: 3 min 56 s
Description: Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday. The regulator ordered Prime Trust to cease all activities which violate Nevada regulations. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on the state of the embattled company.

CD20$2,000.780.58%BTC$73,403.330.28%ETH$2,011.550.10%XRP$1.331.39%SOL$82.080.12%

Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds' | CoinDesk Videos

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CD20$2,000.780.58%BTC$73,403.330.28%ETH$2,011.550.10%XRP$1.331.39%SOL$82.080.12%

Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds' | CoinDesk Videos