BitGo Terminates Agreement to Acquire Prime Trust

“After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets,” BitGo posted on Twitter.”If there is a hole in Prime Trust customer balances (BitGo said they’d pull out if there was, and they just pulled out), any exchange that used their service and transferred funds off PT platform in the last 3 months is going to be subject to clawbacks. Get your money out now,” wrote Bitcoin Magazine’s David Bailey.Prime Trust has reportedly suspended deposits and withdrawals of fiat and digital assets for its clients.

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