2min chapter

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The Last Trade E006: Drivers of Institutional Adoption and Understanding Custodial Risk, with David Thayer

Onramp Media

CHAPTER

The Cryptocurrency Risks of Prime Trust

Prime trust, one of the most trusted Third parties in the space has been put into receivership. It became apparent that they really did not know how to custody Bitcoin appropriately. If you don't pick the correct custodian somebody who understands bitcoin security and how to do it the correct way You could end up leveraging a third party that doesn't actually have bitcoin or access to bitcoin. So obviously this is a bit of a black eye on the spaceYou had prime trust which up until recently wasOne of the most most trusted Third Parties in the space.

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