Weekly Roundup 06/30/23 (ETF frenzy continues, Prime Trust insolvency, how Stablecoins are like Eurodollars) (EP.434)
On The Brink with Castle Island
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Bitcoin's $80 Million Plugging Disaster
Hundreds of firms were using Prime Trust as their whole back end infrastructure. "This is what happens when you combine low IQ with low integrity," says John Defterios. The company raised $100 million after this happened and must have just used that to plug the whole, he adds.
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