Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the company to cease all activities amid a shortfall in customer funds and accusations that it used customer funds to meet withdrawal requests.
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- Source: https://www.coindesk.com/business/2023/07/18/prime-trust-put-into-receivership-charged-with-using-customer-funds-to-buy-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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