18min chapter

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The Last Trade E018: Bitcoin's Custodial Landscape Through a Legal Lens with Gavin Feary

Onramp Media

CHAPTER

Bitcoin Custody Challenges and the Importance of Due Diligence

This chapter discusses the challenges in the custodial landscape of Bitcoin and other digital assets. It emphasizes the importance of due diligence in choosing a custodian and warns against having undeserved confidence in custodians. The chapter highlights the bankruptcy of Prime Trust and Fortress Trust, both qualified custodians, due to the failure in properly securing assets.

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