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Is the Prime Trust building about to collapse, leading to another unwarranted disaster for the cryptocurrency industry?

The Nevada court in the United States has approved the cryptocurrency custodian Prime Trust to enter bankruptcy management

Prime Trust may face large-scale layoffs

Prime Trust has filed for bankruptcy protection in the Delaware bankruptcy court

Prime Trust's parent company previously lost $8 million due to its investment in TerraUSD, which was one of the reasons for its bankruptcy filing

Prime Trust CEO: The company once used a discarded 98f hardware wallet address to store customer ETH assets

The bankrupt crypto custody platform Prime Trust may lay off 62 employees within the next two months