I think its for institutional investors mostly... they take services of these crypto custodians to keep customer funds!! ... Defi has hacks, atomic wallet, a self custody wallet lost funds I heard, I used to store my crypto there. Shocking!
3/ & guess what crypto entities like TrueUSD as usual assuring that they have no exposure to Prime Trust. We heard this sort of things so many times before. It’s déjà vu I tell ya!! #threads #talkingpoint
Front the school of hard knocks...
Not your keys not your cyrpto
I think its for institutional investors mostly... they take services of these crypto custodians to keep customer funds!! ... Defi has hacks, atomic wallet, a self custody wallet lost funds I heard, I used to store my crypto there. Shocking!
Becoming used to it.
2/ The entity faces a shortfall of customer funds & has liabilities of up to $500 million #bankruptcy https://cointelegraph.com/news/prime-trust-bankruptcy-spotted-by-crypto-community-months-ahead
3/ & guess what crypto entities like TrueUSD as usual assuring that they have no exposure to Prime Trust. We heard this sort of things so many times before. It’s déjà vu I tell ya!! #threads #talkingpoint