Prime

Million

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/prime-trust-loses-8-million-in-failed-investment/">Prime Trust Loses $8 Million in Failed Investment!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Prime Trust a known crypto custodian has reportedly lost $6 million of client funds and $2 million from its own treasury in a failed investment in the terraUSD algorithmic stablecoin. The news is confirmed by the company’s CEO, Jor Law, in a Thursday court filing. It is not yet clear how this loss will impact clients of the Nevada-based firm, which provides custody services for a range of digital assets. Law said the company was working to recover the funds and would keep clients updated on the situation.</p>

Prime Trust Loses $8 Million in Failed Investment!

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