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Rabbit Hole Recap #259: Your Custodian's Custodian was a Ponzi

Rabbit Hole Recap

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Prime Trust's Ponzi Scheme

Prime Trust has essentially been running a Ponzi scheme for the better part of the last two years. The company's official claim is they realized in December 2021 that they accidentally lost a bunch of customer Bitcoin. That period between December 2021 and June 2023 is straight up fraud, no matter how you cut it.

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