Fraud, Scams, and Trust Issues in the Crypto Industry

This chapter delves into the scandal surrounding Prime Trust and its subsidiary, Bank, where the CEO is accused of stealing corporate IP and client records to start another cryptocurrency trust company. The chapter explores the similarities between this scandal and the Quadriga cryptocurrency exchange, criticizing the lack of consequences and trust in the industry. It also discusses the unethical practices and recurring patterns of fraudulent behavior in the cryptocurrency space.