Weekly Roundup 06/23/23 (FTX and K5 clawbacks, Prime Trust chaos, ETF frenzy) (EP.433)
On The Brink with Castle Island
Prime Trust's Outsourcing of Cryptocurrency
Prime trust raised a hundred million dollars like 12 months ago or something it's just so weird story um. How a custodial institution that in theory is just holding its client assets in segregated reserve has a hole in it is baffling to me. This underscores the importance of building your own back end, says Bell.
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